Local Bounti (NYSE:LOCL) reported its Q1 earnings results on Wednesday, May 10, 2023 at 07:15 AM.

Here's what investors need to know about the announcement.

Earnings

Local Bounti beat estimated earnings by 4.17%, reporting an EPS of $-0.23 versus an estimate of $-0.24.

Revenue was up $6.42 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.05 which was followed by a 1.38% drop in the share price the next day.

Here's a look at Local Bounti's past performance:

To track all earnings releases for Local Bounti visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.