Lucid stock backs down after Q1 earnings loss

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Lucid

While Lucid (LCID) beat first-quarter revenue estimates ($172.7 million versus estimates of $158.9 million), the EV maker reported a wider-than-anticipated...

) beat first-quarter revenue estimates , the EV maker reported a wider-than-anticipated loss of $0.30 per share.Lucid shares dropping after delivering first quarter results.Finances prize Sumera is here with the very latest prize.Yeah, stock not doing well right now and they had a revenue beat here.A nice one actually, but wider than expected loss, profit loss, uh just that even uh loss wider than expect.So some concern there about profitability.

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Lucid Q1 earnings preview: EV demand, new SUV, and cash position front and centerEV maker Lucid will report first quarter financial results after the bell, looking to address investor concerns over EV demand and its cash position.
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