Investing.com - Polestar Automotive Holding A reported on Friday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Polestar Automotive Holding A announced earnings per share of $-0.14 on revenue of $440K. Analysts polled by Investing.com anticipated EPS of $-0.14 on revenue of $675.9M.
Polestar Automotive Holding A shares are down 51% from the beginning of the year, still down 65.63% from its 52 week high of $16.41 set on November 15, 2021.
Polestar Automotive Holding A shares gained 23.68% in intra-day trade following the report.
Polestar Automotive Holding A follows other major Consumer Discretionary sector earnings this month
Polestar Automotive Holding A'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 $1.03 on revenue of $22.5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar