Luminar Technologies Q3 Adj EPS $(0.21) Beats $(0.22) Estimate, Sales $16.96M Miss $19.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Luminar Technologies reported Q3 adjusted losses of $(0.21) per share, beating the analyst consensus estimate of $(0.22) by 4.55%. However, the company's quarterly sales of $16.96 million missed the analyst consensus estimate of $19.55 million by 13.25%. This represents a 16.67% decrease in losses and a 32.65% increase in sales compared to the same period last year.
November 08, 2023 | 9:27 pm
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NEUTRAL IMPACT
Luminar Technologies' Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
While the company's earnings beat estimates, the miss on sales could dampen investor sentiment. The overall impact on the stock price could be neutral in the short term as the market weighs the positive and negative aspects of the report.
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IMPORTANCE 80
RELEVANCE 100