Lucid Gr Q4 2023 GAAP EPS $(0.29) Beats $(0.32) Estimate, Sales $157.20M Miss $179.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lucid Group reported Q4 2023 GAAP EPS of $(0.29), surpassing the $(0.32) estimate, but its sales of $157.20M fell short of the $179.88M estimate, marking a 39.00% decrease from the same period last year.
February 21, 2024 | 9:09 pm
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Lucid Group's Q4 2023 earnings surpassed EPS estimates but missed on sales, showing a significant year-over-year decline.
While Lucid Group's EPS beat may be seen positively, the significant miss on sales and the substantial year-over-year decline could raise concerns about growth and demand. The mixed results present a neutral short-term outlook as investors weigh the EPS beat against sales miss and declining revenue.
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