Investing.com - Lion Electric reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lion Electric announced earnings per share of $-0.09 on revenue of $41M. Analysts polled by Investing.com anticipated EPS of $-0.10 on revenue of $41.47M.
Lion Electric shares are down 10% from the beginning of the year and are trading at $3.02 , down-from-52-week-high.
Lion Electric follows other major Industrials sector earnings this month
Lion Electric's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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