BUZZ-Ouster stock surges as third-quarter revenue exceeds expectations

November 4 - ** LiDAR sensor manufacturer Ouster (stock code: OUST.O) shares surged 14% to $33.4

** According to data compiled by London Stock Exchange Group (LSEG), the company's third-quarter loss per share was $0.20, better than analysts' expected loss of $0.25 per share

** Third-quarter revenue increased about 50% year-on-year to $59.33 million, surpassing analysts’ estimate of $56.3 million

** The company shipped more than 27,000 LiDAR and camera sensors this quarter

** The CEO stated that demand for its new Rev8 native-color LiDAR is “strong”, with hundreds of customers already applying it in critical mission scenarios

** All six brokerages covering the stock have a “Buy” or higher rating; median target price is $51.5—LSEG data

** As of the close of the previous trading day, the stock had gained 33.9% year-to-date

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