What's Going On With Lucid Stock Monday?
Portfolio Pulse from Adam Eckert
Lucid Group Inc (NASDAQ:LCID) is set to report its second-quarter financial results after the market close on Monday. The company is expected to report a loss of 26 cents per share and revenue of $192.06 million. Last quarter, Lucid beat revenue estimates but missed on earnings. The company produced 2,110 vehicles and delivered 2,394 vehicles in Q2. Lucid ended Q1 with $5.03 billion in liquidity and remains on track for full-year production of 9,000 vehicles in 2024. Broader market selling pressure is affecting Lucid shares ahead of the earnings report.
August 05, 2024 | 3:32 pm
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Lucid Group Inc is set to report its Q2 earnings after the market close, with expectations of a loss of 26 cents per share and revenue of $192.06 million. The company has shown improvement in vehicle production and delivery compared to the previous quarter. However, broader market selling pressure is impacting Lucid shares ahead of the earnings report.
Lucid's upcoming earnings report is crucial for investors, with expectations of a narrower loss and higher revenue compared to the same quarter last year. The company's improved production and delivery numbers are positive, but broader market conditions are currently exerting downward pressure on the stock.
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