Investing.com - Arcimoto 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 and are trading at $0.62 , down-from-52-week-high.
Arcimoto follows other major Consumer Discretionary sector earnings this month
Arcimoto's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, 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 Wednesday, October 19, 2022 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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