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Recap: Velodyne Lidar Q1 Earnings

Velodyne Lidar (NASDAQ:VLDR) reported its Q1 earnings results on Thursday, May 5, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Velodyne Lidar missed estimated earnings by 22.22%, reporting an EPS of $-0.22 versus an estimate of $-0.18.

Revenue was down $11.55 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 2.71% drop in the share price the next day.

Here's a look at Velodyne Lidar's past performance:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate -0.17 -0.14 -0.14 -0.12
EPS Actual -0.16 -0.19 -0.18 -0.14
Revenue Estimate 16.65M 20.62M 17.18M 15.81M
Revenue Actual 17.54M 13.06M 13.60M 17.73M

To track all earnings releases for Velodyne Lidar visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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