Lucid slightly tops Wall Street's third-quarter expectations amid widening losses [CNBC]
Lucid Group, Inc. (LCID)
Company Research
Source: CNBC
The company's net loss for the third quarter widened to $992.5 million compared with a loss of $630.9 million a year earlier. Lucid executives will host an earnings conference call at 5:30 p.m. ET. Electric carmaker Lucid Group slightly beat Wall Street's third-quarter expectations as the carmaker cuts costs ahead of plans to begin consumer production of a new SUV by the end of this year. Here's how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 28 cents adjusted vs. a loss of 30 cents expected Revenue: $200 million vs. $198 million expected The company's net loss for the third quarter widened to $992.5 million. That compares to a loss of $630.9 million a year earlier. The automaker's costs of $324.4 million in research and development and $233.6 million in selling, general and administrative during the third quarter were up 40.1% and 23.1%, respectively, compared with a year earlier. The company reaffirmed plan
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News
- LUCID ALERT: Bragar Eagel & Squire, P.C. is Investigating Lucid Group on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- Lucid opens Gravity orders in bid to reshape SUV market [Yahoo! Finance]Yahoo! Finance
- Where Will Lucid Stock Be in 1 Year? [Yahoo! Finance]Yahoo! Finance
- Lucid Group, Inc. (NASDAQ: LCID) had its price target lowered by analysts at Royal Bank of Canada from $3.00 to $2.00. They now have a "sector perform" rating on the stock.MarketBeat
- Why Lucid Stock Is Falling Today [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 11/7/24 - Beat
LCID
Sec Filings
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 11/4/24 - Form SC
- LCID's page on the SEC website