Lucid Group (LCID) Reports Q3 Loss, Tops Revenue Estimates
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Lucid Group (LCID) reported a Q3 loss of $0.41 per share, which was larger than the Zacks Consensus Estimate of a $0.32 loss. However, the company exceeded revenue expectations.
November 08, 2024 | 12:00 am
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NEUTRAL IMPACT
Lucid Group reported a Q3 loss of $0.41 per share, missing the Zacks Consensus Estimate of a $0.32 loss. Despite this, the company exceeded revenue expectations.
Lucid Group's larger-than-expected loss per share could negatively impact investor sentiment. However, the fact that they exceeded revenue expectations may offset some of the negative impact, leading to a neutral short-term price direction.
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