Lucid Group: Q4 Earnings Snapshot

NEWARK, Calif. (AP) — NEWARK, Calif. (AP) — Lucid Group, Inc. (LCID) on Wednesday reported a loss of $653.8 million in its fourth quarter.

The Newark, California-based company said it had a loss of 29 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.

The an electric vehicle automaker posted revenue of $157.2 million in the period.

For the year, the company reported a loss of $2.83 billion, or $1.36 per share. Revenue was reported as $595.3 million.


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