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Lucid (LCID) Q1 2023 earnings results miss revenue & EPS expectations

Lucid (LCID) reported it's Q1 2023 earnings results, missing on both revenue and EPS expectations.

Bill Lavoy

May 8, 2023 1:30 PM

Lucid

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Today, Lucid (LCID) reported its Q1 2023 earnings, and the results came in below expectations. The luxury electric car maker did manage to hit the EPS whisper number's lowered bar, but since that was projected at a loss it’s not something to brag about.

Lucid was expected to lose $0.41 per share with the whisper number being a loss of $0.43 per share. Lucid actually reported in line with the whisper number, losing $0.43 per share. In terms of revenue, Wall Street analysts expected Lucid to report $210 million in revenue while Earnings Whisper expected $199.36 million in revenue. Lucid managed to miss both expectations, reporting $149.4 million in revenue for the quarter. You can read the full earnings report for yourself.

For more earnings news as we work through the companies reporting, stick with Shacknews.

Bill Lavoy

Managing Editor

Bill, who is also known as Rumpo, is a lifelong gamer and Toronto Maple Leafs fan. He made his mark early in his career through guide writing and a deep understanding of editorial SEO. He enjoys putting in the work to create a great content, be it a wild feature or grinding out an in-depth collectible guide. Tweet him @RumpoPlays if you have a question or comment about one of his articles.