Altus Power Q2 EPS $0.04, Inline, Sales $46.51M Beat $43.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
Altus Power (NYSE:AMPS) reported Q2 earnings of $0.04 per share, in line with analyst consensus, but down 75% YoY. The company's quarterly sales were $46.51 million, beating the analyst consensus of $43.49 million by 6.95%, and up 87.84% YoY.
August 14, 2023 | 11:12 am
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Altus Power's Q2 earnings met expectations but were down 75% YoY. Sales beat estimates and were up 87.84% YoY.
Altus Power's earnings met analyst expectations, which is a positive sign. However, the 75% YoY decrease in earnings could be a concern for investors. The significant increase in sales, which beat estimates, could offset concerns about the decrease in earnings.
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