Lion Electric Q3 Earnings: A Mixed Bag with Positive EPS but Revenue Miss

Wednesday, 31 July 2024, 10:42

Lion Electric announced its latest earnings report, revealing a GAAP EPS of -$0.09, which surpassed analysts' expectations by $0.03. However, the company faced a significant revenue shortfall, reporting $30.3 million, missing estimates by $32.83 million. Despite the EPS beat, investors are concerned about the revenue performance, signaling potential challenges ahead. This mixed earnings report suggests that while there are some positive indicators, the overall financial health of Lion Electric remains uncertain.
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Lion Electric Q3 Earnings: A Mixed Bag with Positive EPS but Revenue Miss

Lion Electric's Earnings Summary

Lion Electric has released its financial results for the latest quarter, presenting a GAAP EPS of -$0.09 which beat analyst expectations by $0.03. However, the company disclosed a revenue of $30.3 million, falling short by $32.83 million. This discrepancy has raised concerns among investors regarding the company’s future performance.

Key Financial Results

  • EPS: -$0.09, beats by $0.03
  • Revenue: $30.3 million, misses by $32.83 million

Despite the positive surprise in EPS, the significant revenue miss indicates potential challenges for Lion Electric. Investors are advised to monitor the company closely as it navigates these hurdles.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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