Investing.com - Arcimoto (NASDAQ:FUV) reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Arcimoto announced earnings per share of $-0.38 on revenue of $2M. Analysts polled by Investing.com anticipated EPS of $-0.34 on revenue of $2.69M.
Arcimoto shares are down 92% from the beginning of the year, still down 94.69% from its 52 week high of $11.68 set on November 15, 2021.
Arcimoto follows other major Consumer Discretionary sector earnings this month
Arcimoto's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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