CBAK Energy Tech Q2 EPS $(0.03), Sales $42.40M Down From $56.35M YoY
Portfolio Pulse from Benzinga Newsdesk
CBAK Energy Tech reported Q2 losses of $(0.03) per share and sales of $42.40 million, a 24.76% decrease from the same period last year.
August 09, 2023 | 10:33 am
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NEGATIVE IMPACT
CBAK Energy Tech reported a decrease in sales and a loss per share in Q2, which could negatively impact the stock price.
CBAK Energy Tech reported a decrease in sales and a loss per share for Q2. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100