Canoo falls on larger-than-expected Q1 loss

Canoo

15/05/2024 15:14

** Shares of electric-vehicle maker Canoo  GOEV.O  fall 7.2%
to $2.59 
    ** Canoo posted larger-than-expected Q1 loss on Tuesday, and
kept 2024 forecast revenue unchanged
    ** Co reported net loss of $110.7 mln in Q1 vs analysts'
est. of $55.2 mln - LSEG 
    ** Including session gains, GOEV stock down 56% YTD

 (Reporting by Priyanka.G)
 ((Priyanka.g@thomsonreuters.com))