Canoo Q1 Results: EV Manufacturer Misses Earnings Estimates

Canoo Inc. (NASDAQ:GOEV) reported first-quarter financial results after the bell Tuesday. Here's a look at the details. The Details: Canoo reported quarterly losses of $1.13 per share, which missed th

Benzinga04:27

Changes in US stocks | Canoo fell more than 3.2% before the market, and net loss in the first quarter expanded and fell short of expectations

Glonghui, May 15 | Electric vehicle startup Canoo (GOEV.US) U.S. stocks fell more than 3.2% to $2.7 before the market. Canoo's net loss for the first quarter increased from US$90.7 million in the same period last year to US$117.7 million, with analysts expecting an average loss of US$55.2 million; after adjustment, the loss per share was US$1.13, and analysts expected a loss of $0.97. No sales were announced for the period, and analysts expected $1.1 million. Slowing demand in the US and fierce competition from Chinese electric vehicle manufacturers in the world's largest car market have hit, including Canoo

Gelonghui Finance16:24

GOEV Earnings: Canoo Stock Down on Weak Q1 Results

Penny stock Canoo (NASDAQ:GOEV) declined 3.2% in yesterday’s extended trading session following the release of weaker-than-expected first-quarter results. The company’s performance was impacted by slowing demand for electric vehicles (EVs) and intense competition, particularly from Chinese auto companies.

TipRanks13:58

Canoo's net loss in the first quarter increased and fell short of expectations and maintained full-year revenue guidance

Glonghui, May 15 | Electric vehicle startup Canoo announced first-quarter results. Net loss increased from US$90.7 million in the same period last year to US$117.7 million, with analysts expecting an average loss of US$55.2 million; after adjustment, the loss per share was US$1.13, and analysts expected a loss of US$0.97. No sales were announced for the period, and analysts expected $1.1 million. Slowing US demand and intense competition from Chinese electric vehicle manufacturers in the world's largest car market have dampened demand from companies including Canoo. R&D expenses fell by about 44% during the period, and operating expenses from last year

Gelonghui Finance10:44

Canoo Reports Narrower-than-expected Loss, Keeps FY24 Guidance Unchanged

Seeking Alpha04:54

Canoo 1Q Results Miss Forecasts With No Revenue

By Ben Glickman Canoo posted no sales in the first quarter, falling short of Wall Street's expectations for a sequential ramp-up in revenue. The Justin, Texas-based electric-vehicle maker reported a

WSJ04:24