EHang Holdings Q2 Adj EPADS $(0.12) Beats $(0.17) Estimate, Sales $1.38M Miss $3.34M Estimate
Portfolio Pulse from Benzinga Newsdesk
EHang Holdings (NASDAQ:EH) reported Q2 adjusted losses of $(0.12) per share, beating the analyst consensus estimate of $(0.17) by 29.41%. However, the company's quarterly sales of $1.38 million missed the analyst consensus estimate of $3.34 million by 58.68%.
August 17, 2023 | 9:03 am
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EHang Holdings reported better than expected Q2 losses but significantly missed sales estimates.
While EHang Holdings managed to reduce its losses more than expected, the significant miss on sales estimates is likely to negatively impact investor sentiment and could lead to a short-term decrease in the company's stock price.
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