Polestar Q3 Loss Widens, Revenue Rises; Shares Down Pre-Bell

MT Newswires Live

11/12

Polestar Automotive (PSNY) reported a Q3 net loss Wednesday of $365.3 million, widening from a loss of $322.8 million a year earlier.

A single analyst polled by FactSet expected a loss of $364.6 million.

Revenue for the quarter ended Sept. 30 was $748 million, up from $550 million a year earlier.

A single analyst surveyed by FactSet expected $850 million.

The company's shares were down 4.6% in recent premarket activity.

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