Lucid Gr Q2 EPS $(0.40) Misses $(0.35) Estimate, Sales $150.87M Miss $201.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lucid Gr (NASDAQ:LCID) reported Q2 earnings per share (EPS) of $(0.40), missing the analyst consensus estimate of $(0.35) by 14.29%. This is a 21.21% decrease from the same period last year. The company also reported quarterly sales of $150.87 million, missing the analyst consensus estimate of $201.94 million by 25.29%. However, this is a 55.00% increase from the same period last year.
August 07, 2023 | 8:12 pm
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NEGATIVE IMPACT
Lucid Gr's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term.
Lucid Gr's Q2 earnings per share and sales both missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100