Ouster Inc Up 28.51% To $6.40 After Earnings Miss

Ouster Inc (OUST) said after close Tuesday that it lost $0.95 per share in quarter four 2023.

On the revenue line, the company reported $24.4 million, beating estimates by $384 thousand.

In the same quarter a year ago, the company lost $2.3 per share on revenue of $10.9 million.

The stock is up 28.51% to $6.40 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Ouster Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 19, putting Ouster Inc in the bottom 25% of stocks. The firm set a 52-week low on April 26, 2023 at $3.21 and set a 52-week high on March 30, 2023 at $8.6.

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