Nikola surges after posting smaller-than-expected Q2 loss

Nikola

09/08/2024 14:53

** Shares of electric truck maker Nikola  NKLA.O  up ~17% at
$9 
    ** Co reported Q2 adj. loss per share of $2.67 vs ests of a
loss of $2.85 - LSEG data
    ** NKLA reported Q2 rev of $31.3 mln vs ests of $27.1 mln 
    ** Co delivered 72 hydrogen trucks in Q2, up 80% from Q1
    ** Cash and cash equivalents for the quarter stood at $256.3
mln vs $345.6 million in the previous three month period
    ** Up to last close, stock had fallen ~70% YTD

 (Reporting by Zaheer Kachwala in Bengaluru)
 ((Zaheer.Kachwala@thomsonreuters.com))