The Lion Electric Company (LEV) Reports Q3 Loss, Lags Revenue Estimates
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The Lion Electric Company (LEV) reported a Q3 loss of $0.15 per share, missing the Zacks Consensus Estimate of a $0.13 loss. This is a larger loss compared to $0.10 per share a year ago.
November 07, 2024 | 2:00 am
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Lion Electric reported a Q3 loss of $0.15 per share, missing the expected loss of $0.13. This marks an increase in losses from $0.10 per share a year ago.
The reported loss of $0.15 per share is worse than the expected $0.13, indicating underperformance. This is likely to negatively impact the stock price in the short term as it shows a deterioration in financial performance compared to last year.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100