NEWARK, Calif. (AP) — NEWARK, Calif. (AP) — Lucid Group, Inc. (LCID) on Tuesday reported a loss of $397.2 million in its fourth quarter.
On a per-share basis, the Newark, California-based company said it had a loss of 22 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.
The an electric vehicle automaker posted revenue of $234.5 million in the period.
For the year, the company reported a loss of $2.71 billion, or $1.25 per share. Revenue was reported as $807.8 million.
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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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