Recap: Velodyne Lidar Q2 Earnings

 

Velodyne Lidar VLDR reported its Q2 earnings results on Monday, August 8, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Velodyne Lidar beat estimated earnings by 14.29%, reporting an EPS of $-0.18 versus an estimate of $-0.21.

Revenue was down $2.09 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.04 which was followed by a 6.84% drop in the share price the next day.

Here's a look at Velodyne Lidar's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.18 -0.17 -0.14 -0.14
EPS Actual -0.22 -0.16 -0.19 -0.18
Revenue Estimate 10.11M 16.65M 20.62M 17.18M
Revenue Actual 6.18M 17.54M 13.06M 13.60M

To track all earnings releases for Velodyne Lidar visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsBZI-Recaps
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!