Luminar Technologies Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.11-13

Luminar Technologies (NASDAQ:LAZR) Third Quarter 2024 Results Key Financial Results Revenue: US$15.5m (down 8.6% from 3Q 2023). Net income: US$27.4m (up from US$134.3m loss in 3Q 2023). EPS: US$0.057...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 19%. Earnings per share  exceeded analyst estimates.Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Auto Components industry in the US.The company's shares are up 34% from a week ago.You should always think about risks. Case in point, we've spotted   6 warning signs for Luminar Technologies  you should be aware of, and 2 of them don't sit too well with us.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LAZR":"Luminar Technologies, Inc."},"translate_title":"Luminar Technologies 2024什麽样的第三季度收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LAZR":1},"content_text":"Luminar Technologies (NASDAQ:LAZR) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$15.5m (down 8.6% from 3Q 2023).\nNet income: US$27.4m (up from US$134.3m loss in 3Q 2023).\nEPS: US$0.057 (up from US$0.34 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:LAZR Earnings and Revenue Growth November 13th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nLuminar Technologies EPS Beats Expectations, Revenues Fall Short\n Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates. \n Looking ahead, revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Auto Components industry in the US. \nPerformance of the American Auto Components industry.\n The company's shares are up 34% from a week ago. \nRisk Analysis\n You should always think about risks. Case in point, we've spotted   6 warning signs for Luminar Technologies  you should be aware of, and 2 of them don't sit too well with us. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","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":"4.29.3","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/2483097050"}