Investing.com - Electrameccanica Vehicles (NASDAQ:SOLO) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Electrameccanica Vehicles announced earnings per share of $-0.180 on revenue of $1.44M. Analysts polled by Investing.com anticipated EPS of $-0.160 on revenue of $2.02M.
Electrameccanica Vehicles shares are down 12% from the beginning of the year, still down 64.43% from its 52 week high of $4.02 set on November 15, 2021.
Electrameccanica Vehicles follows other major Consumer Discretionary sector earnings this month
Electrameccanica Vehicles's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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