Categories AlphaGraphs, Earnings, Technology
Tesla (TSLA) Q2 earnings drop and miss estimates; revenue rises
Tesla Inc. (NASDAQ: TSLA) announced results for the second quarter of 2024, reporting a decrease in adjusted earnings. The bottom line also fell short of analysts’ estimates.
The electric car giant said its second-quarter revenues increased 2% year-over-year to $25.5 billion. Revenues exceeded estimates. The company produced a total of 410,831 vehicles during the three months and delivered 443,956 units.
Adjusted earnings, excluding special items, dropped to $0.52 per share in the June quarter from $0.91 per share a year earlier and missed the Street view. Unadjusted net income was $1.48 billion or $0.42 per share in Q2, compared to $2.70 billion or $0.78 per share in the corresponding period of 2023.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
