300

[basis211]

Tesla (TSLA) unexpectedly turned a profit in the third quarter, sending shares soaring in after-hours trading.

Here were the main numbers from the report, versus consensus expectations compiled by Bloomberg:

• Revenue: $6.30 billion vs. $6.45 billion expected and $6.82 billion YOY

• Adjusted earnings per share: $1.86 vs. loss of 24 cents expected and earnings of $2.90 YOY

As is typical with Tesla’s quarterly expectations, the range of the Street’s estimates for the company’s bottom-line results ran a wide gamut, ranging from a loss of as much of $1.25 per share to earnings of as much as 34 cents per share, according to Bloomberg data.

Shares of Tesla jumped more than 18% to $301.46 each as of 5:36 p.m. ET after the estimates-topping earnings results were released.


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UPD Short sellers betting against Tesla lose more than $1 billion in single day as stock surges

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