EV Start-Up Polestar’s Earnings, Sales Fall Short. Why the Market Is Shrugging.

Electric-vehicle start-up Polestar Automotive ‘s second-quarter sales and earnings missed Wall Street estimates. Markets are shrugging because guidance for the coming quarters matters more.

Polestar delivered about 15,800 vehicles in the second quarter and 27,900 vehicles in the first half of the year. Polestar still expects full-year deliveries to come in between 60,000 and 70,000 vehicles. Gross profit margins for 2023 are expected to be about 4%, very close to what Wall Street is projecting

Results are enough for investors in early trading. Polestar stock was down one cent in premarket trading shortly after results were released at $3.82 a share. S&P 500 futures were up about 0.1%. Nasdaq Composite futures were down about 0.1%.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

HP Inc. Earnings Disappoint on Weak PC Pricing and Soft Printer SalesFundamentals are improving more slowly than the company had hoped, prompting management to lower its outlook for the October 2023 fiscal year.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

BYD Earnings Triple As It Continues To Lead EV And PHEV SalesBYD sold a total of 700,244 EVs and PHEVs in the second quarter of the year, a record for the brand
Fuente: Carscoop - 🏆 306. / 63 Leer más »