Lucid Gr Q3 EPS $(0.28) Beats $(0.35) Estimate, Sales $137.81M Miss $183.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lucid Gr (NASDAQ:LCID) reported Q3 earnings per share of $(0.28), beating the analyst consensus estimate of $(0.35) by 20%. However, the company's quarterly sales of $137.81 million missed the analyst consensus estimate of $183.84 million by 25.04%. This represents a 29.49% decrease in sales compared to the same period last year.
November 07, 2023 | 9:11 pm
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Lucid Gr's Q3 earnings beat estimates but sales missed, indicating mixed financial performance.
Lucid Gr's earnings beat estimates, which is a positive signal for investors. However, the missed sales target could indicate potential issues with revenue generation or market demand, which could negatively impact investor sentiment. The net effect on the stock price is uncertain in the short term.
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