Fisker stock rallies, even as losses widen and revenue rises less than Wall Street forecasts

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Fisker stock rallies, even as losses widen and revenue rises less than Wall Street forecasts
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Shares of Fisker Inc. gained 1.8% in premarket trading Monday, as the electric-vehicle maker reported a wider-than-expected loss and revenue that came up...

Shares of Fisker Inc. FSR gained 1.8% in premarket trading Monday, as the electric-vehicle maker reported a wider-than-expected loss and revenue that came up short, but maintained its 2023 production targets. Net losses widened to $170.1 million, or 54 cents a share, from $138.4 million, or 47 cents a share, in the year-ago period. Revenue rose to $306,000 from $41,000. The FactSet consensus was for a per-share loss of 41 cents and revenue of $1.1 million.

8% in premarket trading Monday, as the electric-vehicle maker reported a wider-than-expected loss and revenue that came up short, but maintained its 2023 production targets. Net losses widened to $170.1 million, or 54 cents a share, from $138.4 million, or 47 cents a share, in the year-ago period. Revenue rose to $306,000 from $41,000. The FactSet consensus was for a per-share loss of 41 cents and revenue of $1.1 million.

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