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February 20, 2014 02:13 am GMT
Today after the bell, Tesla reported its fourth quarter financial performance, including non-GAAP revenue of$761 million and non-GAAP earnings per share of$0.33. In the period, the company delivered6,900cars, a figure that it pre-announced in January. The company’s revenue grew26% from the preceding, sequential quarter. The street in aggregate expected the company to earn$0.21 (non-GAAP) on GAAP revenue of$677 million. The company’s GAAP revenue for the period came in at $615 million. Investors appear unconcerned about Tesla’s non-GAAP/GAAP revenue split, or are perhaps simply more excited about the raw growth that the company has delivered, and continues to promise. In regular trading, Tesla was broadly down, sliding around 5%. Yesterday, Tesla hit an all time high north of$200 per share.In after hours trading, following its general beat, Tesla is up more than 11%. In GAAP terms, Tesla lost$0.13 per share on net income of -$16 million. Tesla ended the quarter with cash and equivalents of$846 million. Expectations for this quarter ran hot. As SeekingAlpha mapped out, analyst estimates for the company’s report ratcheted up as time passed, from as little as$560 million in revenue for the quarter in November to today’s figure more than$100 million more. Releasing the cars-delivered figure early was a factor in the shifting of opinion. Tesla expects to deliver35,000 of its Model S cars in 2014, up 55% from 2013. By year’s end, Tesla expects to be able to manufacture around 1,000 cars weekly.For calendar 2013, Tesla had revenues just north of$2 billion, up around 5 times from the preceding year. Investors like what they see. IMAGE BY FLICKR USEREDSEL LITTLEUNDERCC BY 2.0LICENSE (IMAGE HAS BEEN CROPPED)
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/o0uO3CsLIIQ/
Tesla Beats In Q4 With Adjusted Revenues Of $761M, Expects 35,000 Car Deliveries This Year
Today after the bell, Tesla reported its fourth quarter financial performance, including non-GAAP revenue of$761 million and non-GAAP earnings per share of$0.33. In the period, the company delivered6,900cars, a figure that it pre-announced in January. The company’s revenue grew26% from the preceding, sequential quarter. The street in aggregate expected the company to earn$0.21 (non-GAAP) on GAAP revenue of$677 million. The company’s GAAP revenue for the period came in at $615 million. Investors appear unconcerned about Tesla’s non-GAAP/GAAP revenue split, or are perhaps simply more excited about the raw growth that the company has delivered, and continues to promise. In regular trading, Tesla was broadly down, sliding around 5%. Yesterday, Tesla hit an all time high north of$200 per share.In after hours trading, following its general beat, Tesla is up more than 11%. In GAAP terms, Tesla lost$0.13 per share on net income of -$16 million. Tesla ended the quarter with cash and equivalents of$846 million. Expectations for this quarter ran hot. As SeekingAlpha mapped out, analyst estimates for the company’s report ratcheted up as time passed, from as little as$560 million in revenue for the quarter in November to today’s figure more than$100 million more. Releasing the cars-delivered figure early was a factor in the shifting of opinion. Tesla expects to deliver35,000 of its Model S cars in 2014, up 55% from 2013. By year’s end, Tesla expects to be able to manufacture around 1,000 cars weekly.For calendar 2013, Tesla had revenues just north of$2 billion, up around 5 times from the preceding year. Investors like what they see. IMAGE BY FLICKR USEREDSEL LITTLEUNDERCC BY 2.0LICENSE (IMAGE HAS BEEN CROPPED)Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/o0uO3CsLIIQ/
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