Lucid Group Q3 Earnings: Revenue Miss, EPS Beat, Lowered Production Guidance, Gravity Release Date And More
Portfolio Pulse from Adam Eckert
Lucid Group Inc (NASDAQ:LCID) reported Q3 earnings with revenue of $137.81 million, missing the consensus estimate of $183.84 million. The company reported a quarterly loss of 28 cents per share, beating analyst estimates for a loss of 35 cents per share. Lucid also lowered its full-year production outlook from 10,000 to a range of 8,000 to 8,500. The company's new electric SUV, Lucid Gravity, will be unveiled on Nov. 16.
November 07, 2023 | 9:38 pm
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Lucid Group's Q3 earnings report showed a revenue miss and an EPS beat. The company also lowered its full-year production outlook, which could negatively impact investor sentiment.
Lucid Group's Q3 earnings report showed a revenue miss, which could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price. Additionally, the company lowered its full-year production outlook, which could further dampen investor sentiment. However, the company did beat EPS estimates, which could provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100