What's Going On With Lucid (LCID) Stock
Portfolio Pulse from Henry Khederian
Lucid Group Inc's shares are trading lower by 4.17% despite no company-specific news. The stock is pulling back after the company reported Q2 financial results and confirmed it is on track to achieve its 2023 production target. Lucid's Q2 revenue was $150.9 million, falling short of the estimated $201.9 million. The company also incurred a loss of 40 cents per share, exceeding the anticipated loss of 35 cents.
August 10, 2023 | 3:44 pm
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Lucid Group's stock is trading lower following its Q2 earnings report. The company's revenue fell short of estimates and it reported a higher than expected loss.
Lucid Group's stock is trading lower due to its Q2 earnings report. The company's revenue fell short of estimates and it reported a higher than expected loss, which is likely causing investor concern and leading to the stock's decline.
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