Workhorse: Q4 Earnings Snapshot
By AP News
Published - Mar 01, 2023, 09:18 AM ET
Last Updated - Jun 22, 2023, 06:41 PM EDT
SHARONVILLE, Ohio (AP) — SHARONVILLE, Ohio (AP) — Workhorse Group Inc. (WKHS) on Wednesday reported a loss of $38.7 million in its fourth quarter.
The Sharonville, Ohio-based company said it had a loss of 24 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The truck and drone manufacturer posted revenue of $3.4 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $10.1 million.
