financetom
Business
financetom
/
Business
/
EV truck maker Nikola misses first-quarter revenue estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EV truck maker Nikola misses first-quarter revenue estimates
May 7, 2024 4:19 AM

(Reuters) - Nikola ( NKLA ) missed Wall Street expectations for quarterly revenue on Tuesday, as the electric truck maker delivered fewer hydrogen fuel cell trucks amid an uncertain macroeconomic outlook and reduced spending by customers.

The company reported revenue of $7.5 million, missing expectations of $15.8 million, according to LSEG data.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Arun Koyyur)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved