Tesla (NASDAQ:TSLA) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $-0.16 on revenue of $6.34B. Analysts polled by anticipated EPS of $-0.47 on revenue of $6.45B. That compared to EPS of $2.9 on revenue of $6.82B in the same period a year earlier. The company had reported EPS of $-1.12 on revenue of $6.35B in the previous quarter.
Tesla follows other major Consumer Cyclical sector earnings this month
On September 24, Nike reported first quarter EPS of $0.86 on revenue of $10.66B, compared to forecasts of EPS of $0.7 on revenue of $10.44B.
AutoZone earnings beat analysts' expectations on September 24, with fourth quarter EPS of $22.59 on revenue of $3.75B. analysts expected EPS of $21.77 on revenue of $3.93B
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