- Polestar Automotive Holding UK PLC PSNY reported third-quarter FY22 sales growth of 105% year-on-year, to $435 million versus $213 million last year.
- The gross profit for Q3 was $4 million versus a loss of $(35) million last year with a margin of 0.9%.
- Selling, general and administrative expenses fell 10% to $179 million.
- The operating loss for the quarter narrowed to $(196) million.
- The company held $988.3 million in cash and equivalents as of September 30, 2022.
- EPS was $0.14 versus $(1.30) last year.
- Price Action: PSNY shares are trading higher by 25.44% at $5.71 in premarket on the last check Friday.
- Photo Via Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
