Luminar Technologies (LAZR) Reported Q3 Revenue Miss, EPS In Line

Luminar Technologies, Inc. (NASDAQ: LAZR) fell 1.7% after-hours after the LIDAR maker reported its Q3 results, with revenue growing 89% year-over-year to $8.0 million, missing the consensus estimate of $8.89 million. Quarterly EPS came in at ($0.10), in-line with the consensus estimate.

According to Austin Russell, the founder and CEO of Luminar, Q3 was highlighted with the debut of the company’s Proactive Safety software, new top vehicle integration partnerships, two trucking wins, closing the acquisition of a key supplier, world-class leadership additions, and the culmination of its platform win with NVIDIA.

The company maintained its full 2021-year outlook, anticipating revenue of $30-$33 million, compared to the consensus estimate of $31.17 million.

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