UPDATE: Beam Glb Q2 EPS $(0.32) Beats $(0.34) Estimate, Sales $17.82M Beat $15.00M Estimate
Portfolio Pulse from Happy Mohamed
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 $15.00 million by 18.79%. This is a 379.26% increase over sales from the same period last year.
August 14, 2023 | 9:53 pm
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POSITIVE IMPACT
Beam Global's Q2 results beat analyst estimates with a decrease in losses and a significant increase in sales YoY. This could potentially have a positive impact on the company's stock.
Beam Global's Q2 results exceeded analyst estimates, with losses decreasing by 14.29% and sales increasing by 379.26% compared to the same period last year. This positive financial performance could potentially boost investor confidence and have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100