Beam Glb Q2 EPS $(0.32) Beats $(0.34) Estimate, Sales $17.82M Beat $15.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Beam Global (NASDAQ:BEEM) reported Q2 losses of $(0.32) per share, beating the analyst consensus estimate of $(0.34) by 5.88%. This is a 14.29% decrease over losses from the same period last year. The company also reported quarterly sales of $17.82 million, beating the analyst consensus estimate of $14.40 million by 23.74%. This is a 379.26% increase over sales from the same period last year.
August 14, 2023 | 8:14 pm
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Beam Global's Q2 results beat analyst estimates with a decrease in losses and a significant increase in sales YoY.
Beam Global's Q2 results exceeded analyst estimates, which is generally seen as positive news by investors. The decrease in losses and significant increase in sales YoY indicates improved financial performance, which could positively impact the stock price in the short term.
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