Faraday Future Q2 EPS $(0.10) Misses $(0.08) Estimate
Portfolio Pulse from Benzinga Newsdesk
Faraday Future (NASDAQ:FFIE) reported Q2 losses of $(0.20) per share, missing the analyst consensus estimate of $(0.08) by 150 percent. However, this is a 54.55 percent increase over losses of $(0.44) per share from the same period last year.
August 21, 2023 | 8:14 pm
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NEGATIVE IMPACT
Faraday Future's Q2 earnings missed estimates, but showed improvement from last year.
Faraday Future's Q2 earnings missed analyst estimates by a significant margin, which could negatively impact investor sentiment and the stock price in the short term. However, the YoY improvement in losses might provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100