Lucid Group missed Q2 EPS estimates by $0.02 but exceeded revenue expectations at $200.58M.
Lucid Group (LCID) reported Q2 earnings per share (EPS) of ($0.29), missing analyst estimates by ($0.02), but surpassed revenue expectations with $200.58 million. The company, which designs, engineers, and sells electric vehicles, has a negative return on equity of 53.53% and a negative net margin of 441.29%. Despite the miss, Needham & Company reaffirmed its "hold" rating, and the consensus rating is also "hold" with an average price target of $4.14.
August 07, 2024
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