Lucid slightly tops Wall Street's third-quarter expectations amid widening losses
Lucid (LCID) CNBC·2024-11-08 05:06
Brand new Lucid electric cars sit parked in front of a Lucid Studio showroom on May 24, 2024 in San Francisco, California.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 expectedRevenue: $200 million vs. $198 mil ...