Ouster jumps after Q3 revenue beat

By Reuters News12 hours ago Updated

** Lidar sensor maker Ouster's OUST.O shares jump 14% to $33.4

** Co posts Q3 loss of 20 cents per share, below analysts' expectations for a loss of 25 cents per share, according to data compiled by LSEG

** Q3 revenue rose about 50% YOY to $59.33 mln, topping analysts' estimates of $56.3 mln

** Co shipped more than 27,000 lidar and camera sensors during the quarter

** CEO says demand for its new Rev8 native color lidar has been "robust," with hundreds of customers adopting the product for mission-critical applications

** All 6 brokerages covering the stock rate it "buy" or higher; their median PT is $51.5 - LSEG data

** As of last close, stock has risen 33.9% YTD

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