Local Bounti Corporation (LOCL) Misses Q2 EPS by 16c, Reaffirms full year 2022 guidance

Local Bounti Corporation (NYSE: LOCL) reported Q2 EPS of ($0.36), $0.16 worse than the analyst estimate of ($0.20). Revenue for the quarter came in at $6.3 million versus the consensus estimate of $5.86 million.

Financial Outlook:

Management is reaffirming its full year 2022 sales guidance of at least $20 million, including partial year contribution from its acquisition of Pete's which closed on April 4, 2022.

For earnings history and earnings-related data on Local Bounti Corporation (LOCL) click here.

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