Why Polestar Automotive (PSNY) Shares Are Jumping Today - Polestar Automotive (NASDAQ:PSNY)

[ad_1]

  • Polestar Automotive Holding UK PLC PSNY reported third-quarter FY22 sales growth of 105% year-on-year, to $435 million versus $213 million last year.
  • The gross profit for Q3 was $4 million versus a loss of $(35) million last year with a margin of 0.9%.
  • Selling, general and administrative expenses fell 10% to $179 million.
  • The operating loss for the quarter narrowed to $(196) million.
  • The company held $988.3 million in cash and equivalents as of September 30, 2022.
  • EPS was $0.14 versus $(1.30) last year.
  • Price Action: PSNY shares are trading higher by 25.44% at $5.71 in premarket on the last check Friday.
  • Photo Via Company

[ad_2]

Image and article originally from www.benzinga.com. Read the original article here.