Tesla Inc. Q3 Profit Decreases, Misses Estimates

(RTTNews) - Tesla Inc. (TSLA) announced a profit for third quarter that Decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $1.373 billion, or $0.39 per share. This compares with $2.173 billion, or $0.62 per share, last year.

Excluding items, Tesla Inc. reported adjusted earnings of $1.770 billion or $0.50 per share for the period.

Analysts on average had expected the company to earn $0.56 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 11.6% to $28.095 billion from $25.182 billion last year.

Tesla Inc. earnings at a glance (GAAP) :

-Earnings: $1.373 Bln. vs. $2.173 Bln. last year. -EPS: $0.39 vs. $0.62 last year. -Revenue: $28.095 Bln vs. $25.182 Bln last year.