TuSimple Holdings EPS misses by $0.04, beats on revenue

Tiger Newspress2021-11-04

TuSimple Holdings Inc. (TSP) on Wednesday reported a loss of $115.5 million in its third quarter.

On a per-share basis, the San Diego-based company said it had a loss of 54 cents.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.

The self-driving technology company posted revenue of $1.8 million in the period, which met Street forecasts.

TuSimple shares rose 0.25% in after-hours trading.

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