Company News: Tesla Motors (TSLA) Q1 loss narrower than expected

Market news

5 May 2016

Company News: Tesla Motors (TSLA) Q1 loss narrower than expected

Tesla Motors reported Q1 FY 2016 loss of $0.57 per share (versus loss $0.36 in Q1 FY 2015), beating analysts' consensus of -$0.67.

The company's quarterly revenues amounted to $1.602 bln (+45.10% y/y), generally in-line with analysts' consensus estimate of $1.599 bln.

TSLA rose to $232.50 (+4.47%) in pre-market trading.

Company News: Merck (MRK) Q1 earnings beat analysts’ forecasts

United Kingdom: Purchasing Manager Index Services, April 52.3 (forecast 53.5)

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