U.S. stocks lower as investors rotate out of tech ahead of Jackson Hole
Investing.com - Tesla reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Tesla announced earnings per share of $1.05 on revenue of $21.45. Analysts polled by Investing.com EPS of $1.03 on revenue of $22.5B.
Tesla 's are down 36% and is trading at $222.57 , still down 46.43% from its 52 week high of $414.50 set on Thursday, November 4, 2021.
Tesla shares gained 0.24% to trade at $222.57 in after-hours trade the report.
Tesla follows other major Consumer Discretionary sector earnings this month
Tesla's report follows an earnings beat by Nike on Thursday, September 29, 2022, who reported EPS of $0.93 on revenue of $12.69B, EPS of $0.922 on revenue of $12.28B.
Lennar had beat expectations on Wednesday, September 21, 2022 with third quarter EPS of $5.03 on revenue of $8.93B, for EPS of $4.81 on revenue of $8.93B.
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