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Luminar Stock Climbs After Q3 Earnings -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.com — Luminar Technologies (NASDAQ:) shares rose 2.3% after announcing third quarter results that largely met expectations.

On revenue of $8million, the company reported a 10c loss per share. According to analysts polled, Investing.comOn revenue of $8.9million, we expected a 10c per share loss.

Luminar’s full-year revenue guidance for 2021 was $30-33 million.

“This quarter was one to remember with the debut of our Proactive Safety software, new top vehicle integration partnerships, two trucking wins, closing the acquisition of a key supplier, world-class leadership additions, and the culmination of our platform win with NVIDIA,” said Austin Russell, Luminar founder and CEO.

“At the same time, we’ve been meeting or beating all five of our company-level milestones we outlined towards the beginning of the year through relentless execution and commercial success.”

Its stock price climbed to $22.46

Stocks of Luminar surged Tuesday after they were re-listed. selected for Nvidia (NASDAQ:)’s autonomous vehicle platform

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