Tesla TSLA, +2.49% said it earned $105 million, or 56 cents a share, in the fourth quarter, compared with $140 million, or 78 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $2.14 a share, compared with $2 a share a year ago.
Revenue rose 2% to $7.4 billion, compared with $7.2 billion a year ago.
Analysts polled by FactSet had expected the car maker to report adjusted earnings of $1.77 a share on sales of $7 billion.
The company reported adjusted earnings of $2.14 per share, on revenue of $7.38 billion. Wall Street expected Tesla to report adjusted earnings of $1.65 a share on revenue of $6.45 billion.
