Investing.com - Workhorse Grp reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Workhorse Grp announced earnings per share of $-0.22 on revenue of $1.5M. Analysts polled by Investing.com anticipated EPS of $-0.12 on revenue of $5.22M.
Workhorse Grp shares are down 28% from the beginning of the year, still down 62.45% from its 52 week high of $7.35 set on November 15, 2021.
Workhorse Grp shares lost 0.36% in pre-market trade following the report.
Workhorse Grp follows other major Consumer Discretionary sector earnings this month
Workhorse Grp'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