5 Stocks That Beat Quarterly Expectations

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In this article, we discuss the 5 stocks that beat the quarterly expectations. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks That Beat the Quarterly Expectations.

5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 60

Shares of Tesla, Inc. (NASDAQ:TSLA) slightly moved down in the pre-market trading session on Thursday, January 27, 2022, even after posting record financial results for the fourth quarter. The electric vehicle giant reported adjusted earnings of $2.54 per share, substantially higher than 80 cents per share in the fourth quarter of 2020.

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Revenue for the quarter jumped 65 percent versus last year to $17.7 billion. Analysts were expecting Tesla, Inc. (NASDAQ:TSLA) to post earnings of $2.26 per share on revenue of $16.35 billion.

The latest quarterly performance was mainly driven by record deliveries during the fourth quarter. Tesla, Inc. (NASDAQ:TSLA) delivered 308,600 electric vehicles in Q4 versus 305,840 in the comparable period of 2020.

The company also issued its vehicles deliveries guidance for 2022. Tesla, Inc. (NASDAQ:TSLA) expects its vehicle deliveries to increase by at least 50 percent on a year-over-year basis.

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