Xos Q2 EPS $(0.14) Misses $(0.11) Estimate, Sales $4.75M Miss $11.35M Estimate
Portfolio Pulse from bharat@benzinga.com
Xos (NASDAQ:XOS) reported Q2 earnings per share (EPS) of $(0.14), missing the analyst consensus estimate of $(0.11) by 27.27%. This is a 133.33% decrease from the same period last year. The company also reported quarterly sales of $4.75 million, missing the analyst consensus estimate of $11.35 million by 58.11%, a 51.32% decrease from the same period last year.
August 10, 2023 | 8:15 pm
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NEGATIVE IMPACT
Xos reported a larger than expected loss and lower than expected sales for Q2. This could negatively impact investor sentiment and the stock price in the short term.
Xos reported a larger than expected loss and lower than expected sales for Q2. This underperformance compared to estimates and the same period last year could negatively impact investor sentiment and lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100