REE Automotive Q1 loss of $1.96/share, 60% revenue miss, 4th consecutive quarter of EPS miss.
REE Automotive Ltd. reported a Q1 loss of $1.96 per share, compared to the Zacks Consensus Estimate of $1.81, and missed revenue estimates by 60%, posting $0.16 million. This marks the company's 4th consecutive quarter of missing consensus EPS estimates. The stock's future price movement will largely depend on management's commentary regarding earnings.
May 30, 2024
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