Gogoro falls on downbeat FY revenue outlook

Gogoro

10/08/2023 11:31

** Shares of Taiwanese electric scooter maker Gogoro  GGR.O 
down 2.7% at $2.9 in premarket trade
    ** Revises FY rev forecast to between $340 mln and $370 mln,
below avg analysts' estimate of $411.3 mln - Refinitiv IBES
    ** "Scooter sales in the second half of 2023 to track to
historical seasonality" - co
    ** Sees soft demand in the Taiwan market
    ** Co reports 3.8% fall in Q2 rev to $87.2 mln 
    ** Says scooter sales in Taiwan were slightly below year-ago
quarter
    
    

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com;))