Lion Electric Q2 GAAP EPS $(0.05) Beats $(0.11) Estimate, Sales $58.01M Miss $68.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lion Electric (NYSE:LEV) reported Q2 GAAP EPS of $(0.05), beating the analyst consensus estimate of $(0.11) by 54.55%. However, the company's quarterly sales of $58.01M missed the estimate of $68.50M by 15.31%. This represents a 126.32% decrease in earnings and a 96.51% increase in sales compared to the same period last year.
August 04, 2023 | 12:49 pm
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NEUTRAL IMPACT
Lion Electric's Q2 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty in the market, potentially impacting the stock price.
While the earnings beat is a positive sign, the sales miss indicates potential issues in revenue generation. This mixed performance could lead to uncertainty among investors, potentially impacting the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100