Aurora Innovation (AUR) shares were falling Thursday after the company reported late Wednesday a Q3 net loss that missed analysts' expectations and said it was delaying the commercial launch of driverless trucks until 2025.
Q3 net loss was $0.13 per diluted share, unchanged from a year earlier.
Analysts polled by Capital IQ expected a net loss of $0.11 per share.
No revenue was reported for the period.
The company also said it expects to launch driverless trucks commercially in April 2025, which is "modestly later than" its original intention. Aurora was originally planning the launch by the end of 2024.
Aurora added that the timeline shift "remains within the margin of error" it conveyed during 2024 and that it "will have a negligible financial impact."
Price: 4.91, Change: -1.74, Percent Change: -26.13
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