Aeva Technologies Q2 Adj EPS $(0.13) Beats $(0.16) Estimate, Sales $743.00K Beat $700.00K Estimate
Portfolio Pulse from totan@benzinga.com
Aeva Technologies reported Q2 losses of $(0.13) per share, beating the analyst consensus estimate of $(0.16) by 18.75%. The company's quarterly sales of $743.00K also beat the estimate of $700.00K by 6.14%. However, this represents a 50.23% decrease over sales of $1.49M in the same period last year.
August 08, 2023 | 8:14 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Aeva Technologies reported better-than-expected Q2 earnings and sales, but experienced a significant decrease in sales compared to last year.
While Aeva Technologies beat Q2 estimates, the significant decrease in sales compared to the same period last year could potentially offset any positive impact from the earnings beat. This makes the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100