PureCycle Technologies Q2 EPS $(0.35) Misses $(0.13) Estimate. Cash, Restricted Cash and Equivalents of $64.98M
Portfolio Pulse from Benzinga Newsdesk
PureCycle Technologies (NASDAQ:PCT) reported Q2 losses of $(0.35) per share, missing the analyst consensus estimate of $(0.13) by 169.23 percent. This is a 288.89 percent decrease over losses of $(0.09) per share from the same period last year. The company reported cash, restricted cash and equivalents of $64.98M.
August 09, 2023 | 12:06 pm
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NEGATIVE IMPACT
PureCycle Technologies reported a larger than expected loss for Q2, which could negatively impact investor sentiment and the stock price in the short term.
PureCycle Technologies reported a Q2 loss of $(0.35) per share, significantly missing the analyst consensus estimate of $(0.13). This larger than expected loss could negatively impact investor sentiment and lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100