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Benzinga
Benzinga
Business
Henry Khederian

Why Ouster (OUST) Stock Is Soaring On Its 'Physical AI' Strategy And Q2 Results

OUST Ouster Benzinga Edge
Munich,,Bavaria,,Germany,-,March,31,2023:,Ouster,Is,AOuster

Ouster Inc (NASDAQ:OUST) stock is surging Friday afternoon after the lidar technology company reported impressive financial results for the second quarter, beating analyst estimates on both revenue and earnings.

What To Know: The company announced quarterly revenue of $35.05 million, a significant 30% increase year-over-year and comfortably above the consensus estimate of $33.77 million. The reported loss of 38 cents per share was also narrower than the anticipated loss of 55 cents per share.

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