Workhorse: Q2 Earnings Snapshot
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SHARONVILLE, Ohio (AP) — SHARONVILLE, Ohio (AP) — Workhorse Group Inc. (WKHS) on Tuesday reported a loss of $23 million in its second quarter.
The Sharonville, Ohio-based company said it had a loss of 12 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The truck and drone manufacturer posted revenue of $4 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $10.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WKHS at https://www.zacks.com/ap/WKHS
