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Aeva Technologies Shares Rise After Q2 Non-GAAP Net Loss Narrows

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Aeva Technologies (AEVA) shares rose 26% in afternoon trading on Thursday after the company's non-GAAP net loss narrowed in Q2.

The company reported a Q2 non-GAAP net loss of $0.41 per diluted share, narrowing from a loss of $0.44 a year earlier.

Analysts polled by FactSet expected a loss of $0.43.

Revenue for the quarter ended June 30 was $6.1 million, up from $5.5 million a year earlier.

Four analysts expected revenue of $6.2 million.

Price: $24.49, Change: $+4.88, Percent Change: +24.89%

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