Movement Alert｜Joby Aviation, Inc. Intraday Rise 7.17% in Regular Trading, Q3 Revenue and Full-Year Outlook Beat Expectations

Market Focus11-07

On November 7, Joby Aviation, Inc. rose 7.17% in Regular Trading, trading at $5.675, with turnover of $87.6045 million.

The move followed the company’s latest quarterly results, which showed third-quarter revenue and loss per share ahead of market expectations, alongside a higher full-year revenue outlook.

Joby Aviation, Inc. reported third-quarter loss per share of $0.22, better than the expected loss of $0.25, while revenue rose to $55.089 million from $22.6 million a year earlier and exceeded expectations of about $39.218 million. The company also raised its full-year revenue guidance to $135 million-$140 million from the prior $115 million-$125 million range, above the consensus expectation of about $122.6 million, while continuing to advance FAA commercial operating certification.

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