Luminar Technologies (LAZR) rises following earnings, says Tesla is biggest lidar customer
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Luminar Technologies (LAZR) PT Lowered to $3 at Baird
May 8, 2024 6:41 AM EDTBaird analyst Tristan Gerra lowered the price target on Luminar Technologies (NASDAQ: LAZR) to $3.00 (from $4.00) while maintaining a Outperform rating.... More
Luminar says Tesla is biggest customer for its lidar sensors
May 7, 2024 7:36 PM EDTSAN FRANCISCO (Reuters) - Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Tuesday that Tesla was the largest customer for its sensors in the first quarter, accounting for more than 10% of its total revenue of $21 million during the period.
Tesla's electric vehicles that are sold do not use lidars and it is not clear where Tesla used the sensors. Tesla CEO Elon Musk previously slammed rivals' use of the lidar sensors, which... More
Luminar Technologies (LAZR) Reports In-Line Q1 EPS
May 7, 2024 5:04 PM EDTLuminar Technologies (NASDAQ: LAZR) reported Q1 EPS of ($0.19), in-line with the analyst estimate of ($0.19). Revenue for the quarter came in at $20.97 million versus the consensus estimate of $21.11 million.
For earnings history and earnings-related data on Luminar Technologies (LAZR) click here.
... MoreMidday movers: Apple slips; Palantir and Micron gain
May 6, 2024 8:12 AM EDT(Updated - May 6, 2024 11:21 AM EDT)
Investing.com -- Main U.S. indexes rose Monday, adding to recent gains amid hopes the Fed will begin cutting interest rates later this year following soft jobs data last week.
Here are some of the biggest U.S. stock movers today:
Apple (NASDAQ: AAPL) shares declined 0.7%, retreating from gains in the prior two sessions, after Warren Buffett's Berkshire... More
