Luminar Technologies (NASDAQ:LAZR) Announces Quarterly Earnings Results

Luminar Technologies (NASDAQ:LAZR) issued its earnings results on Thursday. The company reported ($1.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.20) by $0.94, Briefing.com reports. The firm had revenue of $22.48 million for the quarter, compared to the consensus estimate of $17.50 million. During the same period last year, the firm earned ($0.20) earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis.

Luminar Technologies Stock Down 13.3 %

Shares of LAZR stock traded down $0.96 on Thursday, hitting $6.28. The stock had a trading volume of 3,328,432 shares, compared to its average volume of 1,631,558. Luminar Technologies has a one year low of $4.48 and a one year high of $34.80. The business has a 50 day moving average price of $5.90 and a 200 day moving average price of $9.09. The company has a market cap of $209.21 million, a PE ratio of -0.47 and a beta of 1.74.

About Luminar Technologies

Luminar Technologies, Inc, an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.