Investing.com - Ree Automotive Holding reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ree Automotive Holding announced earnings per share of $-0.11 on revenue of $600K. Analysts polled by Investing.com anticipated EPS of $-0.12 on revenue of $1.66M.
Ree Automotive Holding shares are down 87% from the beginning of the year, still down 90.65% from its 52 week high of $7.49 set on January 5.
Ree Automotive Holding follows other major Consumer Discretionary sector earnings this month
Ree Automotive Holding'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 on revenue of $21.98B.
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