Luminar (LAZR) shares are sliding this morning after reporting a mixed earnings report, coming in short with revenue of $16.2 million - missing estimates by $20,000 - but narrowly beating on earnings by narrowing losses of $0.21 per share. The lidar and autonomous driving developer highlighted year-over-year revenue growth while managing new partnerships with automakers like Polestar and Nissan. "We made a big bet on [semiconductors] between some advanced semiconductor capabilities, AI capabilities about six years ago, so this is really starting in 2017," Luminar CEO Austin Russell tells Yahoo Finance Live. Russell hints at Luminar's revenue and growth outlooks to deploy its technologies with partnered automakers in the years to come, tied to bolstering interest in the AI and semiconductor industries.
Subscribe to Yahoo Finance: yhoo.it/2fGu5Bb
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: bit.ly/3hhcnmV
8 авг 2023
