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Nikola Corporation Q2 Loss Increases, but beats estimates

Nikola Corporation (NKLA) announced Loss for its second quarter that increased from last year and missed the Street estimates.

The company's bottom line totaled -$173.0 million, or -$0.41 per share. This compares with -$143.23 million, or -$0.36 per share, in last year's second quarter.

Excluding items, Nikola Corporation reported adjusted earnings of -$104.99 million or -$0.25 per share for the period.

Analysts on average had expected the company to earn -$0.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Nikola Corporation earnings at a glance (GAAP) :

-Earnings (Q2): -$173.0 Mln. vs. -$143.23 Mln. last year.
-EPS (Q2): -$0.41 vs. -$0.36 last year.
-Analyst Estimate: -$0.28

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