Fisker's Q3 results disappointed Wall Street, with the electric vehicle startup reporting wider-than-expected losses, underwhelming deliveries, and revenue below estimates. The company also disclosed 'material weaknesses' in its financials, which, along with a cut in its annual production forecast, led to a 22.97% plunge in its stock to an all-time low. In other financial news, Sun Life Financial's Q3 profit fell short of expectations due to debt financing costs, while Sea Limited's Q3 revenue of $3.3B beat expectations, despite an EPS of -$0.26. Manulife's investment management unit also announced the cut of 250 wealth and asset management jobs.
Wells Fargo to cut less than 50 investment banker jobs - source https://t.co/OWBNQRCF1U https://t.co/ESd4ojwUx9
no, not another EV co with "material weakness" Fisker shares down after Q3 reveals financial 'weaknesses' $FSR https://t.co/9lO7vSwdWJ
Wells Fargo to cut less than 50 investment banker jobs - source https://t.co/GPkUlhoCUC https://t.co/shNHv0skHZ
Manulife's investment management unit cuts 250 wealth and asset management jobs https://t.co/0Ivc7LuTeE https://t.co/H8N2wOEuRY
Manulife's investment management unit cuts 250 wealth and asset management jobs https://t.co/OnKPcyxhlM https://t.co/ImPH7FADkS
EV maker Fisker plunges to all-time low after cutting production target https://t.co/YEwzjJfB7E https://t.co/RKnBq7sNfX
Fisker stock slammed as EV maker cuts production forecast, delays Q3 filing due to 'material weaknesses' in financial controls https://t.co/mZ8J5Tk9Oa by @Pras_S
Manulife cut 250 jobs in its wealth and asset management unit, trimming staff at offices in the US, Canada, the UK and Asia https://t.co/5BoI7CibSD
Fisker takes another tumble, slashes production forecast https://t.co/xCZkbujbGH
Manulife's investment management unit cuts 250 wealth and asset management jobs https://t.co/oRexA2M1wO https://t.co/jZJOlrc6Bp
Fisker stock slammed EV-maker cuts production forecast, delays Q3 filing due to 'material weaknesses' in financial controls https://t.co/tesYphEqbw by @Pras_S 🔻 $FSR -22.97% https://t.co/jXBQCCNmq4
Told y’all Fisker would be a disaster — straight to zero remains my prediction. $fsr https://t.co/p1xtAu0ACo
.@Hut8Mining's Q3 revenue shrank 46% from the equivalent period a year ago, while its net loss more than doubled. The shares sank. By @JamieCrawleyCD https://t.co/Ew8YAzjJDc
Electric-vehicle startup Fisker delivered a disappointing third quarter, missing analysts’ expectations on revenue and losses and leading the stock to tumble in after-hours trading #fisker #EV #automotive #innovation #technology https://t.co/tKFa6ymblB via @WSJ
Fisker shares sink after EV maker discloses 'material weaknesses' in financial reporting https://t.co/vCDNUCCjER
$FSR (-16.8% pre) Fisker reports wider-than-expected losses, underwhelming deliveries for the third quarter - CNBC https://t.co/zB6EJ71MOh
Sea Group returns to net loss in Q3, posts 4.9% revenue uptick https://t.co/ARn8txFQD8
Sun Life Financial reported lower than expected third-quarter profit as debt financing costs weighed on results https://t.co/ZVzOweIUMb
Sun Life Financial reported lower than expected third-quarter profit as debt financing costs weighed on results https://t.co/DkSucHj0ff
SEA LIMITED $SE JUST REPORTED EARNINGS EPS of -$0.26 missing expectations of $0.10 Revenue of $3.3B beating expectations of $3.2B
Canada's Sun Life beats profit estimates, boosted by asset management unit https://t.co/vIt6HcBNz5 https://t.co/vQ8wEomMNZ
Canada's Sun Life beats profit estimates, boosted by asset management unit https://t.co/Pf1VwZr6dG https://t.co/gx5BW1ny3q
Fisker reports wider-than-expected losses, underwhelming deliveries for the third quarter $FSR https://t.co/zzcnywHIlw
Canada's Sun Life beats profit estimates, boosted by asset management unit https://t.co/qqLRUbruoy https://t.co/5mD7Yv0w1l
Fisker cuts annual production forecast, flags material weakness in financials https://t.co/WevSjlKdYq https://t.co/IsNvXc19dk
Fisker reports wider-than-expected losses, underwhelming deliveries for the third quarter https://t.co/YG52vdQEf9
So much for $FSR Fisker's "unprecedented" positive gross profit as a start-up automaker. (BTW, can the new CAO tell Geeta that it's "gross profit," not "gross margin"). https://t.co/8RX7tTIsAA
$FSR | Fisker Q3 Earnings Highlights: Revenue Below Estimates But Delivery Momentum Accelerates In October
Fisker Sales, Earnings Miss Wall Street Estimates. The Stock Is Falling. https://t.co/338A0K4BH2