Nikola Corporation Q3 Loss Decreases, beats estimates

(RTTNews) - Nikola Corporation (NKLA) announced Loss for third quarter that decreased from last year but missed the Street estimates.

The company's earnings came in at -$236.23 million, or -$0.54 per share. This compares with -$267.57 million, or -$0.68 per share, in last year's third quarter.

Excluding items, Nikola Corporation reported adjusted earnings of -$122.45 million or -$0.28 per share for the period.

Analysts on average had expected the company to earn -$0.39 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Nikola Corporation earnings at a glance (GAAP) :

-Earnings (Q3): -$236.23 Mln. vs. -$267.57 Mln. last year. -EPS (Q3): -$0.54 vs. -$0.68 last year. -Analyst Estimates: -$0.39