Lucid Gr Q1 2024 Adj EPS $(0.30) Misses $(0.25) Estimate, Sales $172.80M Beat $156.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lucid Group reported Q1 2024 adjusted EPS of $(0.30), missing the $(0.25) estimate, but sales of $172.80M exceeded the $156.99M forecast, marking a 15.64% increase from the previous year.
May 06, 2024 | 8:07 pm
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Lucid Group's Q1 2024 earnings report showed a miss on EPS estimates but exceeded sales forecasts, with a significant year-over-year sales increase.
While Lucid Group missed EPS estimates by 20%, the significant beat on sales forecasts and a 15.64% increase in sales from the previous year could offset negative sentiment from the EPS miss. The mixed results present a neutral short-term outlook as investors weigh the implications of growth against profitability concerns.
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