Ouster Shares Plunge on Dampened 3Q Outlook

Dow Jones08-14

Shares of Ouster slid after the company's third-quarter revenue outlook came in below analysts' expectations, as macroeconomic headwinds are expected to drag down short-term growth.

The stock fell 17% to $9.02 in after-hours trading on Tuesday. Shares ended the regular session about flat at $10.88, and are up 42% this year.

The San Francisco based company, which makes light detection and ranging sensors, expects revenue of $27 million to $29 million, compared to analysts' estimate of $30.2 million.

Chief Executive Angus Pacala said macroeconomic pressures are causing customers to delay projects, hurting near-term sales.

In the second quarter, Ouster's net loss narrowed to $23.9 million, or 53 cents a share, from a loss of $122.7 million, or $3.19 a share, from the same period a year ago.

Revenue rose 39% to $27 million, in line with Wall Street expectations.

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/2459534156?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-14 06:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2459534156","market":"us","top_or_hot":-1,"title":"Ouster Shares Plunge on Dampened 3Q Outlook","media":"Dow Jones","content":"<html><head></head><body><p>Shares of Ouster slid after the company&#39;s third-quarter revenue outlook came in below analysts&#39; expectations, as macroeconomic headwinds are expected to drag down short-term growth.</p><p>The stock fell 17% to $9.02 in after-hours trading on Tuesday. Shares ended the regular session about flat at $10.88, and are up 42% this year.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/cb1e2bdc1a89bfb0563bf8891f748761\" tg-width=\"872\" tg-height=\"621\"/></p><p>The San Francisco based company, which makes light detection and ranging sensors, expects revenue of $27 million to $29 million, compared to analysts&#39; estimate of $30.2 million.</p><p>Chief Executive Angus Pacala said macroeconomic pressures are causing customers to delay projects, hurting near-term sales.</p><p>In the second quarter, Ouster&#39;s net loss narrowed to $23.9 million, or 53 cents a share, from a loss of $122.7 million, or $3.19 a share, from the same period a year ago.</p><p>Revenue rose 39% to $27 million, in line with Wall Street expectations.</p></body></html>","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>Ouster Shares Plunge on Dampened 3Q Outlook</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\">\nOuster Shares Plunge on Dampened 3Q Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-14 06:45 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>Shares of Ouster slid after the company's third-quarter revenue outlook came in below analysts' expectations, as macroeconomic headwinds are expected to drag down short-term growth.The stock fell 17% ...</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":"2459534156","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459534156","pubTimestamp":1723589100,"columns":[],"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 Ouster slid after the company's third-quarter revenue outlook came in below analysts' expectations, as macroeconomic headwinds are expected to drag down short-term growth.The stock fell 17% to $9.02 in after-hours trading on Tuesday. Shares ended the regular session about flat at $10.88, and are up 42% this year.The San Francisco based company, which makes light detection and ranging sensors, expects revenue of $27 million to $29 million, compared to analysts' estimate of $30.2 million","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BK4157":"电子设备和仪器","OUST":"Ouster Inc."},"translate_title":"Ouster股价因第三季度前景低迷而暴跌","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OUST":0.9},"content_text":"Shares of Ouster slid after the company's third-quarter revenue outlook came in below analysts' expectations, as macroeconomic headwinds are expected to drag down short-term growth.The stock fell 17% to $9.02 in after-hours trading on Tuesday. Shares ended the regular session about flat at $10.88, and are up 42% this year.The San Francisco based company, which makes light detection and ranging sensors, expects revenue of $27 million to $29 million, compared to analysts' estimate of $30.2 million.Chief Executive Angus Pacala said macroeconomic pressures are causing customers to delay projects, hurting near-term sales.In the second quarter, Ouster's net loss narrowed to $23.9 million, or 53 cents a share, from a loss of $122.7 million, or $3.19 a share, from the same period a year ago.Revenue rose 39% to $27 million, in line with Wall Street expectations.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"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":"4.29.3","shortVersion":"4.29.3","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/2459534156"}