Workhorse Q3 Earnings Miss Estimates, Revenues Decline Y/Y

Workhorse Group Inc. (WKHS) reported an adjusted loss of 88 cents per share for the third quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 85 cents. The company had incurred an adjusted loss of $2.80 in the year-ago quarter.Workhorse generated net revenues of$2.51 million, which missed the Zacks Consensus Estimate of $6 million. Revenues fell 17.2$2.3 million sales allowance obtained in the corresponding quarter of 2023.Key TakeawaysThe c ...