Greenland Technologies Shares Up After Q1 Earnings Beat, Sees Solid Demand Ahead
Portfolio Pulse from Nabaparna Bhattacharya
Greenland Technologies Holding Corporation (GTEC) reported Q1 revenue of $22.15 million, beating the consensus estimate of $20.55 million, and an EPS of $0.11, surpassing the expected loss of $0.02. Despite a YoY decline in revenue and EPS, the company sees solid demand ahead and anticipates revenue growth for its core transmission business in 2023.
May 19, 2023 | 12:41 pm
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Greenland Technologies (GTEC) reported better-than-expected Q1 earnings with revenue of $22.15 million and EPS of $0.11. The company expects solid demand and revenue growth for its core transmission business in 2023.
Greenland Technologies' Q1 earnings beat estimates, which is a positive sign for investors. The company's expectation of solid demand and revenue growth in its core transmission business in 2023 indicates a positive outlook for the stock in the short term.
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