Luminar Technologies (NASDAQ:LAZR) Releases Quarterly Earnings Results, Beats Expectations By $0.94 EPS

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

Luminar Technologies Trading Down 13.3 %

NASDAQ:LAZR traded down $0.96 during trading hours on Thursday, hitting $6.28. 3,234,973 shares of the stock were exchanged, compared to its average volume of 1,631,343. The company has a market cap of $209.21 million, a P/E ratio of -0.47 and a beta of 1.74. The firm’s fifty day moving average price is $5.90 and its 200 day moving average price is $9.09. Luminar Technologies has a 52-week low of $4.48 and a 52-week high of $34.80.

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.