Tesla beat EPS expectations, but Wall Street still hit the sell button.
Tesla Q3 results delivered a mixed picture:
Revenue: $28.046B, broadly flat year-over-year.
Adjusted EPS: $0.48, beating the $0.45 forecast.
GAAP net income: $787M, down 43% year-over-year.
After-hours reaction: TSLA$0.00 Shares fell more than 3%.
The headline earnings beat wasn’t enough to offset the sharp decline in reported net income.
Tesla beat the estimate, but apparently the market had a different exam in mind.
When a company beats EPS but profits plunge, what matters more to you: expectations or the underlying numbers?
Tesla Q3 results delivered a mixed picture:
Revenue: $28.046B, broadly flat year-over-year.
Adjusted EPS: $0.48, beating the $0.45 forecast.
GAAP net income: $787M, down 43% year-over-year.
After-hours reaction: TSLA$0.00 Shares fell more than 3%.
The headline earnings beat wasn’t enough to offset the sharp decline in reported net income.
Tesla beat the estimate, but apparently the market had a different exam in mind.
When a company beats EPS but profits plunge, what matters more to you: expectations or the underlying numbers?