05:14 PM EDT, 05/06/2024 (MT Newswires) -- Lucid Group ( LCID ) reported a Q1 net loss late Monday of $0.30 per diluted share, compared with a loss of $0.43 per share a year earlier.

Analysts polled by Capital IQ expected a loss of $0.25.

Revenue for the quarter ended March 31 rose to $172.7 million from $149.4 million a year earlier. Analysts surveyed by Capital IQ expected $182.5 million.

The company's shares were down 7.2% in after-hours activity.

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