Investing.com - Proterra reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Proterra announced earnings per share of $-0.29 on revenue of $96.22M. Analysts polled by Investing.com anticipated EPS of $-0.21 on revenue of $80.02M.
Proterra shares are down 58% from the beginning of the year and are trading at $6.20 , down-from-52-week-high.
Proterra follows other major Industrials sector earnings this month
Proterra's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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