Phoenix Motor Q2 EPS $(0.15) Down From $(0.11) YoY, Sales $1.16M Down From $1.50M YoY
Portfolio Pulse from Benzinga Newsdesk
Phoenix Motor (NASDAQ:PEV) reported a Q2 EPS of $(0.15), a 36.36% decrease YoY. The company also reported sales of $1.16M, a 22.75% decrease YoY.
August 14, 2023 | 9:44 pm
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NEGATIVE IMPACT
Phoenix Motor reported a decrease in Q2 EPS and sales YoY.
The decrease in both EPS and sales indicates a poor financial performance for Phoenix Motor in Q2. This could negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100