Tesla Earnings miss, Revenue beats In Q4 By Investing.com

Tesla reported on Wednesday fourth quarter earnings that missed analysts’ forecasts and revenue that topped expectations.

Tesla announced earnings per share of $0.8 on revenue of $10.74B. Analysts polled by Investing.com anticipated EPS of $1.04 on revenue of $10.47B.

Tesla shares are down 6% from the beginning of the year and are trading at $838.51 , down-from-52-week-high.They are under-performing the S&P 500 which is down 0.08% from the start of the year.

Tesla shares lost 2.94% in after-hours trade the report.

Tesla follows other major Consumer Cyclical sector earnings this month

Tesla’s report follows an earnings beat by Louis Vuitton ADR on Wednesday, who reported EPS of $2.02 on revenue of $17.4B, compared to forecasts EPS of $1.75 on revenue of $17.34B.

PACCAR had missed expectations on Tuesday with fourth quarter EPS of $1.17 on revenue of $5.14B, compared to forecast for EPS of $1.21 on revenue of $5.2B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar