Luminar Technologies (NASDAQ:LAZR) Issues Earnings Results, Beats Estimates By $0.94 EPS

Luminar Technologies (NASDAQ:LAZR - Get Free Report) issued its earnings results on Thursday. The company reported ($1.26) EPS for the quarter, beating the consensus estimate of ($2.20) by $0.94, Briefing.com reports. The firm had revenue of $22.48 million during the quarter, compared to analyst estimates of $17.50 million. Luminar Technologies's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. Luminar Technologies updated its FY 2025 guidance to EPS.

Luminar Technologies Price Performance

Shares of LAZR stock traded down $1.94 on Monday, hitting $6.41. 9,089,271 shares of the company's stock were exchanged, compared to its average volume of 1,717,198. Luminar Technologies has a 12 month low of $4.48 and a 12 month high of $34.80. The stock has a market cap of $213.54 million, a P/E ratio of -0.48 and a beta of 1.74. The company has a 50 day moving average of $5.89 and a 200 day moving average of $8.94.

Luminar Technologies Company Profile

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.