Luminar Technologies Q4 2023 Adj EPS $(0.20) Misses $(0.19) Estimate, Sales $22.11M Miss $27.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
Luminar Technologies (LAZR) reported Q4 2023 adjusted EPS of $(0.20), missing the $(0.19) estimate, with sales of $22.11M also missing the $27.34M estimate. This represents a 98.76% increase in sales compared to the same period last year.
February 27, 2024 | 9:33 pm
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NEGATIVE IMPACT
Luminar Technologies reported a Q4 2023 adjusted EPS of $(0.20), missing estimates, with sales of $22.11M also below expectations but showing a significant year-over-year growth.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the significant year-over-year sales growth indicates underlying business strength, which might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100