Investing.com - Tesla reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $-2.9 on revenue of $4.54B. Analysts polled by Investing.com forecast EPS of $-0.87 on revenue of $5.46B. That compared to EPS of $-3.35 on revenue of $3.41B in the same period a year earlier. The company had reported EPS of $1.93 on revenue of $7.23B in the previous quarter.
Tesla shares lost 2.05% to trade at $253.35 in after-hours trade following the report.
For the year, Tesla shares are down 22.28%, under-performing the Nasdaq 100 which is up 25.58% year to date.
Tesla follows other major Consumer Cyclical sector earnings this month
On Wednesday, O'Reilly reported first quarter EPS of $4.05 on revenue of $2.41B, compared to forecasts of EPS of $4.05 on revenue of $2.44B.
Stanley Black Decker earnings beat analyst's expectations on Wednesday, with first quarter EPS of $1.42 on revenue of $3.33B. Investing.com analysts expected EPS of $1.11 on revenue of $3.3B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar