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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