Luminar Technologies (NASDAQ:LAZR - Get Free Report) announced its earnings results on Thursday. The company reported ($1.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.20) by $0.94, Briefing.com reports. The company had revenue of $22.48 million during the quarter, compared to analysts' expectations of $17.50 million. During the same quarter last year, the firm posted ($0.20) earnings per share. The firm's revenue was up 1.7% on a year-over-year basis. Luminar Technologies updated its FY 2025 guidance to EPS.
Luminar Technologies Stock Down 23.2 %
Shares of Luminar Technologies stock traded down $1.94 during trading on Monday, hitting $6.41. 9,089,271 shares of the stock traded hands, compared to its average volume of 1,717,198. The stock has a market cap of $213.54 million, a price-to-earnings ratio of -0.48 and a beta of 1.74. Luminar Technologies has a 52 week low of $4.48 and a 52 week high of $34.80. The firm's fifty day moving average is $5.89 and its 200-day moving average is $8.94.
About Luminar Technologies
(
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Luminar Technologies, Inc, an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.
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