Tesla posts strong Q3, but outlook falls short
DETROIT Nov 5 (Reuters) - Tesla Motors Inc reported on Tuesday a stronger-than-expected, third-quarter profit, but offered a fourth-quarter outlook that fell short of Wall Street estimates and the company's shares fell in after-market trading.
The electric car company reported an adjusted profit of 12 cents per share, better than the 11 cents per share expected by analysts, according to Thomson Reuters I/B/E/S.
But Tesla, run by billionaire Elon Musk, said it expected its fourth-quarter profits to be "about consistent" with the third quarter. Analysts had expected Tesla to report a fourth-quarter profit of 20 cents per share.
Shares dropped 7.3 percent in after-the-bell trade following Tesla's results.
- Bike-riding nurse defies Ebola quarantine, on collision course with governor |
- Clashes erupt as Israeli police kill Palestinian suspected of shooting Jewish far-rightist |
- Ukraine, Russia, EU agree to natural gas supply deal
- Apple's Cook: 'I'm proud to be gay'
- Iraqi Kurdish forces enter Syria to fight Islamic State |