Lucid Group shares motor 5% higher after Q3 beat
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Lucid Group Inc's stock increased by 5% in after-hours trading following a better-than-expected Q3 performance. The company reported $200 million in revenue, surpassing the forecast of $198 million, and adjusted losses per share of $0.28, better than the expected $0.30.
November 08, 2024 | 9:00 am
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Lucid Group's stock rose 5% after hours due to better-than-expected Q3 results. Revenue was $200 million, exceeding the $198 million forecast, and losses per share were $0.28, better than the $0.30 expected.
The stock price increase is attributed to Lucid Group's Q3 earnings surpassing expectations. The revenue and EPS figures were slightly better than forecasts, which is a positive signal for investors, leading to a 5% rise in after-hours trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100