Summary :
The Phoenix-based company said it had a loss of 41 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 25 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share. Access a Zacks stock report on NKLA at https://www.zacks.com/ap/NKLA
PHOENIX (AP) _ Nikola Corp. (NKLA) on Thursday reported a loss of $173 million in its second quarter.
The Phoenix-based company said it had a loss of 41 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 25 cents per share.The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.The pioneer in zero-emission trucks posted revenue of $18.1 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $16.6 million.This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NKLA at https://www.zacks.com/ap/NKLA
