We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lucid Group Inc | NASDAQ:LCID | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.025 | 0.90% | 2.81 | 2.80 | 2.81 | 3.09 | 2.81 | 2.82 | 48,207,917 | 00:59:53 |
From May 2022 to May 2024
By Denny Jacob
Lucid Group Inc. shares dropped 11% to $18.33 in after-hours trading Wednesday after the company cut its forecast for production volume in 2022.
The electric vehicles manufacturer lowered its production volume forecast to a range of 6,000 to 7,000 vehicles, down from its prior guide of 12,000 to 14,000 vehicles.
Chief Executive Peter Rawlinson said the revised production guidance reflects the "extraordinary supply chain and logistics challenges we encountered."
The company also reported its second-quarter results after the bell. Lucid narrowed its loss to 33 cents a share for the quarter ended June 30 from a loss of $7.21 a share a year earlier.
Revenue soared to $97.3 million from $174,000. Analysts polled by FactSet expected $145.5 million.
Finance Chief Sherry House said the revenue growth was driven primarily by higher customer deliveries of Lucid Air vehicles.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
August 03, 2022 17:09 ET (21:09 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Lucid Chart |
1 Month Lucid Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
