Canoo Inc. (GOEV) Reports Q3 Loss, Tops Revenue Estimates
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Canoo Inc. (GOEV) reported a Q3 loss of $0.54 per share, which is better than the Zacks Consensus Estimate of a $0.90 loss. This is an improvement from the $1.61 loss per share a year ago.
November 14, 2024 | 12:00 am
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POSITIVE IMPACT
Canoo Inc. reported a Q3 loss of $0.54 per share, better than expected and an improvement from last year's loss. This positive earnings surprise may boost investor confidence.
Canoo's reported loss per share was significantly better than the consensus estimate and showed improvement from the previous year. This positive earnings surprise is likely to boost investor confidence and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100