Lucid Group Late Wednesday In 8-K Said It Expects Results For Qtr. Ended Sept. 30 Will Fall In The Following Ranges: Revenue $199M-$200M, Loss From Operations ($790M)-$(765M)
Portfolio Pulse from Benzinga Newsdesk
Lucid Group announced its expected financial results for the quarter ended September 30, with revenue projected between $199M and $200M, and a loss from operations ranging from $765M to $790M.
October 17, 2024 | 2:07 pm
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Lucid Group anticipates Q3 revenue of $199M-$200M and a significant operational loss of $765M-$790M, indicating financial challenges.
The projected revenue is relatively low compared to the significant operational loss, suggesting financial difficulties. This could negatively impact investor sentiment and the stock price in the short term.
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