Joby Aviation, Inc. (JOBY) Reports Q1 Loss, Beats Revenue Estimates

Joby Aviation reported a quarterly loss of $0.21 per share, exactly in line with the Zacks Consensus Estimate, versus a loss of $0.18 per share a year ago. The report is largely neutral because there was no earnings surprise, though the loss widened year over year by $0.03 per share. The update is unlikely to be highly market-moving on its own.

Analysis

Joby Aviation reported a quarterly loss of $0.21 per share, exactly in line with the Zacks Consensus Estimate, versus a loss of $0.18 per share a year ago. The report is largely neutral because there was no earnings surprise, though the loss widened year over year by $0.03 per share. The update is unlikely to be highly market-moving on its own.