NuScale Power Q2 EPS $(0.13) Misses $(0.11) Estimate, Sales $5.79M Miss $15.50M Estimate
Portfolio Pulse from saritha@benzinga.com
NuScale Power (NYSE:SMR) reported Q2 losses of $(0.13) per share, missing the analyst consensus estimate of $(0.11) by 18.18%. Quarterly sales were $5.79 million, missing the estimate of $15.50 million by 62.61%. This represents a 62.5% decrease in losses and a 110.80% increase in sales compared to the same period last year.
August 09, 2023 | 8:54 pm
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NEGATIVE IMPACT
NuScale Power's Q2 earnings missed estimates, with a larger loss per share and lower sales than expected. This could negatively impact investor sentiment.
NuScale Power reported larger losses and lower sales than expected for Q2. This underperformance could lead to a decrease in the stock price as it may shake investor confidence in the company's profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100