Local Bounti Corporation (LOCL) Reports Q3 Loss, Misses Revenue Estimates
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Local Bounti Corporation (LOCL) reported a Q3 loss of $4.01 per share, missing the Zacks Consensus Estimate of a $2.78 loss. This is a larger loss compared to $3.02 per share a year ago.
November 14, 2024 | 2:45 pm
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Local Bounti Corporation reported a larger-than-expected Q3 loss of $4.01 per share, missing the consensus estimate of $2.78 and increasing from last year's $3.02 loss.
The larger-than-expected loss and the increase from the previous year's loss suggest financial struggles, likely leading to negative investor sentiment and short-term stock price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100