Company News: Tesla (TSLA) posts surprise quarterly profit

Market news

24 October 2019

Company News: Tesla (TSLA) posts surprise quarterly profit

Tesla (TSLA) reported Q3 FY 2019 earnings of $1.91 per share (versus $2.90 in Q3 FY 2018), better than analysts’ consensus estimate of -$0.28.

The company’s quarterly revenues amounted to $6.303 bln (-7.6% y/y), missing analysts’ consensus estimate of $6.476 bln.

TSLA rose to $301.00 (+18.19%) in pre-market trading.

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