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Today’s Hottest Earnings Reports: Lucid, Realty Income, Disney, and More
The first-quarter earnings season continued with Lucid Motor (LCID) posting its expectedly weak results. The EV firm posted revenue of $172.74 million, up by 15.6% Y/Y yet it lost 30 cents a share.In Q1, Lucid produced 1,728 vehicles and plans to produce 9,000 for the year. The 1,967 delivery is up by 39.9% Y/Y. It has ample liquidity after raising $1.0 billion and ended the quarter with $5.03 billion.Dividend investors will appreciate Realty Income (O) results. The firm posted funds from operations of $1.05 billion. For FY 2024, expect the firm to post $4.22 a share.Watch the market’s…
McGill study finds urgent need to fund Montreal bus network
When it comes to public transit in Montreal, the snake has been biting its own tail since the end of the COVID-19 pandemic, a McGill University study found. The study found that money is needed and quickly to maintain and improve bus routes in the city.
Driver pleads guilty in downtown crash that killed former principal
Court hears pickup truck was travelling up to 94 km/h in 40 km/h zone before the fatal crash in September.