Reported 2 months ago
Shares of Luminar Technologies plummeted by 37.4% after the company reported second-quarter earnings that fell short of expectations, with a loss per share of $0.18 and revenues of $16.45 million, missing analyst forecasts. Additionally, Luminar's future guidance indicated only modest sales growth, which stirred investor concerns about the company's slow scaling and reduced profit margins.
Source: YAHOO