The Lion Electric Company (LEV) Reports Q2 Loss, Lags Revenue Estimates

This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.02, delivering a surprise of 71.43%. Lion Electric, which belongs to the Zacks Automotive - Domestic industry, posted revenues of $30.28 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 50.69%. This compares to year-ago revenues of $58.02 million. The company has topped consensus revenue est ...