Canoo climbs on smaller-than-expected Q2 loss

Canoo

15/08/2023 09:49

** Canoo Inc shares  GOEV.O  rise 2.1% to 52 cents premarket
after electric vehicle maker posts smaller-than-expected Q2 loss
    ** GOEV posts Q2 loss of 14 cents/shr vs analyst estimates
of 19 cents/shr loss - Refinitiv data
    ** Co benefited from lower research and development costs
last quarter
    ** Canoo launches new lifestyle delivery vehicle 190, with
increased payload load capacity and body length compared with
the lifestyle delivery vehicle 130
    ** Three of four brokerages rate the stock "buy" or higher
and one "hold"; their median PT is $1.75
    ** Up to last close, stock had fallen 58.6% YTD 

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))