Pioneer Power Solutions Q2 EPS $(0.03) Up From $(0.26) YoY, Sales $12.10M Beat $9.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pioneer Power Solutions (NASDAQ:PPSI) reported Q2 losses of $(0.03) per share, a 88.46% increase YoY. The company's quarterly sales were $12.10 million, beating the analyst consensus estimate of $9.66 million by 25.26%, and marking a 182.12% increase YoY.
August 14, 2023 | 8:12 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Pioneer Power Solutions reported improved Q2 results with reduced losses and significantly increased sales YoY, beating estimates.
The company reported reduced losses and significantly increased sales YoY, beating analyst estimates. This positive financial performance is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100