Ideanomics Q2 EPS $(3.19) Down From $(0.08) YoY, Sales $8.18M Down From $34.20M YoY
Portfolio Pulse from Happy Mohamed
Ideanomics reported Q2 losses of $(3.19) per share, a 3887.5% decrease YoY. The company's sales also decreased by 76.07% to $8.18 million compared to $34.20 million in the same period last year.
August 25, 2023 | 8:24 pm
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NEGATIVE IMPACT
Ideanomics reported a significant decrease in Q2 earnings and sales YoY. This could negatively impact the company's stock price in the short term.
The significant decrease in both earnings per share and sales indicates a poor financial performance for Ideanomics in Q2. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100