Luminar Technologies Q1 Adj $(0.19) Beats $(0.20) Estimate, Sales $20.97M Miss $21.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
Luminar Technologies (LAZR) reported Q1 adjusted losses of $(0.19) per share, beating the $(0.20) estimate, marking a 20.83% improvement from last year. However, their sales of $20.97M fell short of the $21.14M estimate, despite a 44.52% increase from the previous year.
May 07, 2024 | 10:20 pm
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POSITIVE IMPACT
Luminar Technologies reported a smaller than expected Q1 loss and a significant year-over-year sales increase, though it slightly missed sales estimates.
The better-than-expected loss per share indicates operational efficiency and could boost investor confidence, potentially leading to a short-term positive impact on LAZR's stock price. However, the slight miss on sales estimates may temper gains.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100