Lucid Gr Q2 2024 Adj. EPS $(0.29) Misses $(0.26) Estimate, Sales $200.600M Beat $192.059M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lucid Group (NASDAQ:LCID) reported Q2 2024 adjusted EPS of $(0.29), missing the $(0.26) estimate, but achieved sales of $200.6M, beating the $192.059M estimate. Sales increased by 32.96% compared to the same period last year.
August 05, 2024 | 8:07 pm
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NEUTRAL IMPACT
Lucid Group reported a Q2 2024 adjusted EPS of $(0.29), missing the $(0.26) estimate, but achieved sales of $200.6M, beating the $192.059M estimate. Sales increased by 32.96% compared to the same period last year.
The mixed results, with an EPS miss but a sales beat, suggest a neutral short-term impact on LCID's stock price. The significant sales growth is a positive sign, but the EPS miss may offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100