Ree Automotive Holding's Earnings Fall Short at $1.57, Profits Also Below Expectations

According to Ree Automotive Holding's (NASDAQ: REE) report, the third-quarter earnings per share were -$2.560, which is $1.57 worse than analysts' expectations of -$0.993. The reported profit for this quarter was set at $11K, while analyst expectations were at $750K.

Ree Automotive Holding's stock closed the day at $10.98. This level indicates that the company has gained 90,620% in value over the last three months. The stock has increased by 130.880% over the past 12 months.

In the last 90 days, Ree Automotive Holding has seen 1 positive earnings per share and 1 negative earnings per share. You can review how Ree Automotive Holding's stock price has reacted to past earnings reports here.

According to InvestingPro, Ree Automotive Holding has a financial health score of "Very good performance."

You can find Ree Automotive Holding's latest earnings reports and all financial information about the company here. Stay informed about all developments related to balance sheets by visiting the Investing.com Earnings Calendar.