Luminar Technologies Q2 Adj EPS $(0.21) Beats $(0.23) Estimate, Sales $16.20M Beat $16.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Luminar Technologies reported Q2 adjusted EPS of $(0.21), beating the estimate of $(0.23) by 8.7%. The company's quarterly sales were $16.20 million, surpassing the estimate of $16.18 million by 0.11%. However, the EPS represents a 16.67% decrease from the same period last year, while the sales show a 63.08% increase from last year.
August 08, 2023 | 8:02 pm
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Luminar Technologies beat Q2 EPS and sales estimates. However, the EPS decreased by 16.67% YoY, while sales increased by 63.08% YoY.
Luminar Technologies beat both EPS and sales estimates, which is generally positive for the stock. However, the decrease in EPS YoY might offset some of the positive sentiment. The increase in sales YoY is a positive sign of growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100