Gauzy Shares Slip After 3Q Revenue Outlook Misses Expectations

Dow Jones
2024/11/01
 

By Stephen Nakrosis

 

Shares of Gauzy were trading lower after the vision and light control solutions company offered third-quarter revenue guidance which was below some analysts' expectations.

After the bell Thursday, the company's shares were trading 6.9% lower, at $8.99. The stock finished the day at $9.66, closing with a 2.7% loss.

Gauzy shares started trading publicly in June, with a $17 per share initial public offering.

After the bell, the company said it was expecting third-quarter revenue in a range of $23 million to $23.5 million, compared to $18.7 million reported in the year-ago period. Analysts said they are expecting revenue of $27.5 million, according to FactSet.

For the fourth quarter, Gauzy said, it is expecting revenue in a range of $28 million to $34 million compared to $22 million reported in the fourth quarter of 2023.

The company also said it was adding a second production shift in Lyon, France, to expand overall capacity and meet continued strong demand.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

October 31, 2024 17:04 ET (21:04 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10