Joby Aviation, Inc. (NYSE:JOBY) shares climbed in Wednesday’s extended trading after the company released its fourth-quarter earnings report, beating estimates on the top and bottom lines.
Here’s a look at the details from the report
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The Details: Joby Aviation reported quarterly losses of 14 cents per share, which beat the Street estimate for losses of 22 cents, according to Benzinga Pro data.
Quarterly revenue of $30.84 million beat the consensus estimate of $16.96 million by 81.79% and far exceeded the year-ago quarter’s revenue of $55,000.
The better-than-anticpated fourth results follow news from earlier Wednesday that Joby will partner with Uber Technologies, Inc. (NYSE:UBER) in Dubai.
“2026 will mark a key inflection point for Joby,” said CEO JoeBen Bevirt.
“After a year full of rigorous full-transition flight testing and meaningful progress across every part of our business, we’ve begun to shift our focus from how and when we’ll go to market, to how many aircraft we can produce and where to deploy them,” Bevirt added.
JOBY Stock Price: According to data from Benzinga Pro, Joby stock is up 3.56% at $10.17 in Wednesday’s extended trading.
Photo: Courtesy of Joby Aviation, Inc.
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