Plug Power Q2 EPS $(0.40) Misses $(0.26) Estimate, Sales $260.18M Beat $242.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Plug Power reported Q2 losses of $(0.40) per share, missing the analyst consensus estimate of $(0.26) by 53.85%. This is a 33.33% decrease over losses from the same period last year. However, the company reported quarterly sales of $260.18 million, beating the analyst consensus estimate of $242.24 million by 7.41%. This is a 72.00% increase over sales from the same period last year.
August 09, 2023 | 8:04 pm
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NEUTRAL IMPACT
Plug Power's Q2 earnings per share missed estimates, but sales exceeded expectations. This mixed result could lead to uncertainty in the market.
Plug Power's earnings per share missed estimates, which could negatively impact the stock. However, the company's sales exceeded estimates, which could have a positive effect. The mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100