05:34 PM EDT, 08/13/2024 (MT Newswires) -- Ouster (OUST) reported a Q2 loss late Tuesday of $0.53 per diluted share, narrowing from the loss of $3.19 a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.63.

Revenue in the quarter ended June 30 rose to $27 million from $19.4 million a year earlier.

Analysts surveyed by Capital IQ expected $27 million.

The company expects Q3 revenue of $27 million to $29 million.

Analysts polled by Capital IQ forecast $30.4 million.

The company's shares fell 17% in after-hours activity.

Price: 9.00, Change: -1.88, Percent Change: -17.28