Arcimoto Inc reports results for the quarter ended in September - Earnings Summary

Arcimoto

12/02/2024 12:50

* Arcimoto Inc  FUV.OQ  reported a quarterly adjusted loss
of
$1.58​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of $-7.60.  The lone analyst forecast for the quarter was for a
loss of 79 cents per share. 
    * Revenue fell 45.2% to $1.11 million from a year ago;
analysts
expected $2.00 million. 
    * Arcimoto Inc's reported EPS for the quarter was a loss of
$1.58​.
    * The company reported a quarterly loss of $14.04 million.
    * Arcimoto Inc shares had fallen by 28.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG data February 12 at
12:50 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.79          -1.58          Missed
 Dec. 31 2022      -3.74          -5.25          Missed