Luminar Technologies Stock Jumps On Earnings As Company Reveals Tesla Was Biggest Customer In Q1
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Adam Eckert (via Benzinga)
Luminar reported first-quarter revenue of $20.97 million, which missed the consensus estimate of $21.14 million, per Benzinga Pro. The company's top-line results were up 45% on a year-over-year basis, but down 5% sequentially. Luminar reported a first-quarter adjusted earnings loss of 19 cents per share, which beat estimates for a loss of 20 cents per share.
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