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JOBY
Benzinga
5 hrs

Joby Stock Takes Off After Massive Q3 Revenue Beat: What To Know

1. JOBY reported a quarterly loss of 48 cents per share. 2. Quarterly sales of $22.57 million exceeded estimates by over $10 million. 3. Company has $978.1 million in cash and investments. 4. CEO highlighted unprecedented technological and regulatory progress. 5. JOBY stock rose 3.40% to $15.51 in after-hours trading.

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FAQ

Why Bullish?

Despite losses, JOBY's revenue beat estimates significantly. The strong cash position indicates potential for growth and innovation.

How important is it?

The article discusses JOBY's performance and financial health, directly influencing investor sentiment and stock price.

Why Short Term?

Positive market reaction to earnings can drive short-term price increases. Recent revenue growth may attract investor interest quickly.

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