AEye Shares Climb 41% After China Deal News

Dow Jones05-16

By Stephen Nakrosis

Shares of lidar company AEye jumped on the Nasdaq Wednesday, following news of a deal that will bring the company's products into the China market.

After the bell on Tuesday, AEye said it will work with Accelight Technologies and LighTekton to bring its 4Sight lidar solutions to the China market.

Shares of AEye had risen 41%, to trade at $3.47 per share, in afternoon trading Wednesday. Volume topped 30.6 million shares, above the stock's 65-day average volume of some 2.9 million shares. The stock has a public float of 5.39 million shares.

Also on Tuesday, AEye reported a first-quarter loss per share of $1.61, and an adjusted loss per share of $1.13. In the year-ago period, the company reported a loss per share of 16 cents, and an adjusted loss per share of 11 cents.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

May 15, 2024 13:37 ET (17:37 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2435663513?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-16 01:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2435663513","market":"nz","top_or_hot":-1,"title":"AEye Shares Climb 41% After China Deal News","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Stephen Nakrosis \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of lidar company AEye jumped on the Nasdaq Wednesday, following news of a deal that will bring the company's products into the China market. \n</p>\n<p>\n  After the bell on Tuesday, AEye said it will work with Accelight Technologies and LighTekton to bring its 4Sight lidar solutions to the China market. \n</p>\n<p>\n  Shares of AEye had risen 41%, to trade at $3.47 per share, in afternoon trading Wednesday. Volume topped 30.6 million shares, above the stock's 65-day average volume of some 2.9 million shares. The stock has a public float of 5.39 million shares. \n</p>\n<p>\n  Also on Tuesday, AEye reported a first-quarter loss per share of $1.61, and an adjusted loss per share of $1.13. In the year-ago period, the company reported a loss per share of 16 cents, and an adjusted loss per share of 11 cents. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 15, 2024 13:37 ET (17:37 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AEye Shares Climb 41% After China Deal News</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAEye Shares Climb 41% After China Deal News\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-16 01:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Stephen Nakrosis \n\n\n \n\n\n  Shares of lidar company AEye jumped on the Nasdaq Wednesday, following news of a deal that will bring the company's products into the China market. \n\n\n  After the bell on ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4157","symbol_name":"电子设备和仪器","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2435663513","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2435663513","pubTimestamp":1715794620,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of lidar company AEye jumped on the Nasdaq Wednesday, following news of a deal that will bring the company's products into the China market.After the bell on Tuesday, AEye said it will work with Accelight Technologies and LighTekton to bring its 4Sight lidar solutions to the China market.Shares of AEye had risen 41%, to trade at $3.47 per share, in afternoon trading Wednesday. Volume topped 30.6 million shares, above the stock's 65-day average volume of some 2.9 million shares. The stock has a public float of 5.39 million shares.Also on Tuesday, AEye reported a first-quarter loss per share of $1.61, and an adjusted loss per share of $1.13. In the year-ago period, the company reported a loss per share of 16 cents, and an adjusted loss per share of 11 cents.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4157":"电子设备和仪器","LIDR":"AEye, Inc."},"translate_title":"中国交易消息传出后，AEye股价上涨41%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LIDR":0.9},"content_text":"By Stephen Nakrosis \n\n\n \n\n\n  Shares of lidar company AEye jumped on the Nasdaq Wednesday, following news of a deal that will bring the company's products into the China market. \n\n\n  After the bell on Tuesday, AEye said it will work with Accelight Technologies and LighTekton to bring its 4Sight lidar solutions to the China market. \n\n\n  Shares of AEye had risen 41%, to trade at $3.47 per share, in afternoon trading Wednesday. Volume topped 30.6 million shares, above the stock's 65-day average volume of some 2.9 million shares. The stock has a public float of 5.39 million shares. \n\n\n  Also on Tuesday, AEye reported a first-quarter loss per share of $1.61, and an adjusted loss per share of $1.13. In the year-ago period, the company reported a loss per share of 16 cents, and an adjusted loss per share of 11 cents. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 15, 2024 13:37 ET (17:37 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2435663513"}