Movement Alert｜Joby Aviation, Inc. Intraday Rise 5.35% in Regular Trading, Q3 Revenue Beat and Higher Full-Year Outlook Support Shares

Market Focus11-06

On November 6, Joby Aviation, Inc. rose 5.35% in Regular Trading, trading at $5.325 per share, with turnover of $205 million.

The move followed the company’s latest quarterly report, in which third-quarter revenue and loss per share both came in better than market expectations, while management also raised full-year revenue guidance.

Joby Aviation, Inc. reported third-quarter revenue of $55.089 million, above the consensus estimate of about $39.218 million and up from $22.6 million a year earlier. Loss per share was $0.22, narrower than the expected $0.25 loss and improved from a $0.48 loss a year earlier. For the full year, the company lifted revenue guidance to $135 million-$140 million from $115 million-$125 million previously, compared with analyst expectations of about $122.6 million. Recent coverage also noted progress on FAA certification, while some analysts lowered price targets after the results even as the stock advanced.

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