Recap: Proterra Q1 Earnings

Proterra PTRA reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Proterra missed estimated earnings by 7.41%, reporting an EPS of $-0.29 versus an estimate of $-0.27.

Revenue was up $20.95 million from the same period last year.

Last quarter the company missed on EPS by $0.25 which was followed by a 53.59% drop in the share price the next day.

Here's a look at Proterra's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.25	-0.21	-0.19	-0.17
EPS Actual	-0.50	-0.45	-0.38	-0.43
Revenue Estimate	86.85M	80.94M	72.54M	68.42M
Revenue Actual	80.00M	96.22M	74.56M	58.58M

To track all earnings releases for Proterra visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.