Investing.com - Tesla (NASDAQ:TSLA) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tesla announced earnings per share of $2.54 on revenue of $17.72B. Analysts polled by Investing.com anticipated EPS of $2.25 on revenue of $16.88B.
Tesla shares are down 11% from the beginning of the year, still down 24.61% from its 52 week high of $1,243.49 set on November 4, 2021. They are outperforming the Nasdaq 100 which is down 13.16% from the start of the year.
Tesla shares gained 1.08% in after-hours trade following the report.
Tesla follows other major Consumer Discretionary sector earnings this month
Tesla's report follows an earnings missed by Las Vegas Sands on Wednesday, who reported EPS of $-0.24 on revenue of $1.01B, compared to forecasts EPS of $-0.2386 on revenue of $1.05B.
Hyundai Motor ADR had missed expectations on Tuesday with fourth quarter EPS of $0.8755 on revenue of $25.88B, compared to forecast for EPS of $2.63 on revenue of $25.45B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar