Li-Cycle Holdings Q2 EPS $(0.20), Inline, Sales $3.60M Miss $8.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Li-Cycle Holdings (NYSE:LICY) reported Q2 earnings per share of $(0.20), in line with analyst consensus. However, the company's sales of $3.60 million missed the estimated $8.03 million by 55.17%, marking a 58.40% decrease from the same period last year.
August 14, 2023 | 10:20 am
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NEGATIVE IMPACT
Li-Cycle's Q2 earnings met expectations, but sales significantly missed estimates, which could negatively impact the stock in the short term.
Li-Cycle's Q2 earnings were in line with expectations, which is positive. However, the company's sales missed estimates by a significant margin, which is a negative signal. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100