Aurora Innovation (AUR) stock soared 5.43% in the after-hours trading session on Wednesday, driven by investor optimism following the company's fourth-quarter 2024 results announcement and plans for commercial launch.
In its earnings release, Aurora revealed that it is on the cusp of its planned Commercial Launch, a pivotal step toward realizing its mission of delivering the benefits of self-driving technology safely, quickly, and broadly. The company announced plans to deploy its first driverless trucks on public roads in 2025, ushering in a future of safer, more efficient freight transportation and immense value creation.
Additionally, Aurora reported a narrowing quarterly loss of $0.11 per share, meeting analyst expectations. The company's loss narrowed by 15.38% compared to the same period last year, signaling improving financial performance as it advances toward commercialization.
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