Joby Aviation Beats Q2 Revenue Estimates, Raises FY Guidance

Joby Aviation Inc. (NYSE: JOBY ) posted its second-quarter results after Wednesday’s closing bell, beating analysts’ revenue estimate and raising its full-year guidance. Here’s a look at the details inside the report. JOBY stock is moving. Watch the price action here. Joby Q2 Details Joby reported quarterly losses of 25 cents per share, which missed the consensus estimate for losses of 23 cents, according to Pro data. Quarterly revenue clocked in at $38.64 million, which beat the analyst consensus estimate of $30.38 million by 27.18% and was up from revenue of only $15,000 in the same period last year. “With meaningful progress on certification, partnerships, infrastructure and commercial readiness, we are unlocking the third dimension of mobility and turning electric vertical flight from an extraordinary technology into an everyday reality, giving people their time...