Investing.com - Lucid Group reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lucid Group announced earnings per share of $-0.40 on revenue of $195.5M. Analysts polled by Investing.com anticipated EPS of $-0.32 on revenue of $210.69M.
Lucid Group shares are down 35% from the beginning of the year , still down 76.62% from its 52 week high of $57.75 set on Wednesday, November 17, 2021.
Lucid Group follows other major Consumer Discretionary sector earnings this month
Lucid Group's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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