Faraday Future Q2 EPS $(17.38) Beats $(61.50) Estimate, Sales $836.000K Miss $1.359M Estimate
Faraday Future (NASDAQ:FFAI) reported quarterly losses of $(17.38) per share which beat the analyst consensus estimate of $(61.50) by 71.74 percent. This is a 1348.33 percent decrease over losses of $(1.20) per share
Faraday Future lost less money per share than people expected, which sounds good—but the company still lost a huge amount of money and sold way fewer cars than hoped. When a company loses less than expected, that's one small positive sign, but big misses on sales and huge losses overall mean the company is still struggling.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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