Lucid shares lose after trading: Lucid presents mixed figures

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Tesla competitor Lucid has presented its balance sheet for the fourth quarter of 2023. The electric vehicle maker posted a massive drop in revenue from $257.7 million to $157.151 million. The company missed analyst estimates of $179.9 million. However, the loss per share (EPS) widened from $0.28 to $0.29. The company was better than analysts’ estimates of -0.304 US dollars per share.

Lucid Motors was also unable to increase sales in the 2023 financial year as a whole. Sales fell from $608.2 million in the previous year to $595.271 million in the past reporting year. The company missed analyst estimates of $617.0 million. However, the loss per share (EPS) of US$1.36 was significantly larger than the previous year’s value of US$0.78. Here the company met the expectations of analysts, who had expected an average of -1.367 US dollars per share.

Lucid shares temporarily fell 1.08 percent to 3.66 US dollars in after-hours trading on the NASDAQ.

Editorial team finanzen.net

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