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Lucid Group Announces Cash Flow Improvement Program and Withdrawal of Production Guidelines

Earnings Whispers · ·by G4L

LCID
LCID Lucid Group Inc
$3.60 +9.42%
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  1. 1CEO Silvio Napoli withdrew production guidelines and disclosed a $1.4 billion scale for Lucid's cash flow improvement program.
  2. 2Lucid's third-quarter revenue is projected to be $316.3 million, representing a 6% year-over-year decrease from consensus expectations.
  3. 3Analysts expect a loss of $2.78 per share.

So what's the key point?

Lucid Group has canceled its production plans and introduced a plan to save cash. As experts expect, revenue is projected to decrease and a loss of $2.78 per share is anticipated.

Source Earnings Whispers · View original ↗

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