LMP Automotive: Rises on upbeat Q2 forecast

LMP Automotive Holdings

15/07/2020 14:22

** Shares  LMPX.O  of company which operates e-commerce
platform for buying, selling and subscribing pre-owned and new
automobiles up 5% at $8.30 premarket
    ** Stock set to gain after two straight sessions of losses
    ** Company sees Q2 profit of $161,314 vs loss of $1.7 mln in
Q1, helped by an improvement in vehicle subscriptions amid the
coronavirus outbreak  urn:newsml:reuters.com:*:nGNXb5qsCb
    ** LMPX sees Q2 revenue of $69 mln, up 29% from Q1
    ** YTD, stock down ~55%

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))