Luminar Stock Plunges After Q2 Earnings: Here's Why
1. LAZR reported adjusted losses of $1.49 per share, missing estimates. 2. Revenue of $15.63 million fell short of $17.27 million consensus. 3. Second-quarter revenue dropped 5% year-over-year and 17% quarter-over-quarter. 4. Cash & marketable securities at $107.6 million, reflecting operational stability. 5. Sales guidance lowered to $67-74 million from previous $82.93-90.47 million.