Investing.com - Canoo reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that was in line with expectations.
Canoo announced earnings per share of $-0.430 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-0.560 on revenue of $0.
Canoo shares are down 29.95% from the beginning of the year, still down 91.24% from its 52 week high of $13.35 set on November 29, 2021.
Canoo follows other major Consumer Discretionary sector earnings this month
Canoo'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 $1.03 on revenue of $22.5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar