Heliogen Q2 EPS $(0.11) Misses $(0.09) Estimate, Sales $1.39M Miss $4.45M Estimate
Portfolio Pulse from saritha@benzinga.com
Heliogen (NYSE:HLGN) reported Q2 losses of $(0.11) per share, missing the analyst consensus estimate of $(0.09) by 22.22%. The company's quarterly sales were $1.39 million, missing the analyst consensus estimate of $4.45 million by 68.67%. This represents a 41.72% decrease over sales of $2.39 million in the same period last year.
August 08, 2023 | 8:46 pm
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NEGATIVE IMPACT
Heliogen's Q2 earnings missed estimates, with a larger than expected loss per share and a significant decrease in sales compared to the same period last year.
Heliogen's Q2 earnings report shows a larger than expected loss per share and a significant decrease in sales compared to the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100