REE Automotive Q2 Adj EPS $(0.07), Inline, Sales $943.00K
Portfolio Pulse from Benzinga Newsdesk
REE Automotive reported Q2 adjusted losses of $(0.07) per share, which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported $943.00 thousand in sales this quarter.
August 29, 2023 | 11:34 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
REE Automotive's Q2 earnings met analyst expectations with no change from the same period last year. Sales were reported at $943.00 thousand.
REE Automotive's Q2 earnings report is in line with analyst expectations, indicating a stable financial performance. However, the unchanged losses per share from the same period last year suggest that the company is not improving its profitability. This could potentially impact investor sentiment and the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100