PHOENIX (AP) _ Nikola Corp. (NKLA) on Thursday reported a fourth-quarter loss of $147.1 million, after reporting a profit in the same period a year earlier.

The Phoenix-based company said it had a loss of 38 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 17 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.

For the year, the company reported a loss of $384.3 million, or $1.19 per share. Revenue was reported as $95,000.

Nikola shares have increased 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.72, an increase of 90% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NKLA at https://www.zacks.com/ap/NKLA

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