NEWARK, Calif. (AP) — NEWARK, Calif. (AP) — Lucid Group, Inc. (LCID) on Monday reported a loss of $680.9 million in its first quarter.
On a per-share basis, the Newark, California-based company said it had a loss of 30 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.
The an electric vehicle automaker posted revenue of $172.7 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LCID at https://www.zacks.com/ap/LCID
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