April 19, 2024 1:00 am
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Nikola shares jump following better than expected revenue results

By Andy Blye | Phoenix Business Journal

Nikola, the Phoenix-based vehicle maker, announced its first significant revenue on Thursday after selling 48 electric trucks during the second quarter.

Nikola Corp. (Nasdaq: NKLA) reported revenue of $18.1 million for the quarter ended June 30, ahead of the Wall Street expectation of $16.46 million. The company also reported a net loss per share of 25 cents, again outpacing analyst expectations of a 28 cent loss.

Read the full subscription story from the Phoenix Business Journal.

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