On June 21, 2021, workers installed door hinges on the body shell of a prototype Endurance electric pickup truck at the Lordstown Motors assembly plant in Ohio.
Check out the stocks that made headlines in extended trading on Thursday.
Blink Charging-After Blink announced that its third-quarter revenue growth was faster than expected, electric vehicle charging stocks rose 5%. According to Refinitiv, the company reported revenue of US$6.4 million, well above analysts’ expectations of US$4.7 million. However, the loss was greater than expected.
Lordstown Motors-The auto start-up’s share price fell 7% in after-hours trading after the company reported no revenue for another quarter. Lordstown said it plans to produce and deliver Endurance trucks in the third quarter of 2022. According to Refinitiv, the company’s loss per share in the most recent quarter was lower than expected.
WM Technology-According to StreetAccount data, software stocks related to the cannabis industry fell 12% after third-quarter performance fell below third-quarter top and bottom line expectations. WM Technology’s fourth-quarter guidance was also lower than expected.
Luminar-After Luminar’s third-quarter revenue fell short of expectations, the lidar sensor company’s stock price fell by 1%. According to Refinitiv, the company reported revenue of US$8 million, which was lower than analysts’ expectations of US$8.9 million.
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