Lucid Group Q2 Adjusted Loss Widens, Revenue Rises

MT Newswires Live

08/05

Lucid Group (LCID) reported a Q2 adjusted loss late Tuesday of $2.78 per diluted share, widening from a loss of $2.35 a year earlier.

Analysts polled by FactSet expected a loss of $2.36.

Revenue for the quarter ended June 30 was $405.3 million, up from $259.4 million a year earlier.

Analysts expected $381.6 million.

Shares of Lucid Group were down 7.8% in after-hours trading.

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