Luminar Technologies Q2 2024 Adj. EPS $(0.18), Inline, Sales $16.451M Miss $20.387M Estimate
Portfolio Pulse from Benzinga Newsdesk
Luminar Technologies (NASDAQ:LAZR) reported Q2 2024 adjusted EPS of $(0.18), meeting analyst expectations, but missed sales estimates with $16.451M against the expected $20.387M. Despite the miss, sales increased by 1.57% year-over-year.
August 06, 2024 | 8:25 pm
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Luminar Technologies reported Q2 2024 adjusted EPS of $(0.18), meeting analyst expectations, but missed sales estimates with $16.451M against the expected $20.387M. Despite the miss, sales increased by 1.57% year-over-year.
While Luminar Technologies met EPS expectations, the significant miss on sales estimates by 19.31% is likely to negatively impact the stock price in the short term. The slight year-over-year sales increase is not enough to offset the negative sentiment from missing revenue expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100