Polestar Automotive Q2 EPS $(0.14) Misses $(0.12) Estimate, Sales $685.25M Miss $756.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Polestar Automotive (NASDAQ:PSNY) reported Q2 earnings per share (EPS) of $(0.14), missing the analyst consensus estimate of $(0.12) by 16.67%. The company also reported quarterly sales of $685.25 million, missing the analyst consensus estimate of $756.15 million by 9.38%. This represents a 16.67% decrease in EPS and a 16.33% increase in sales compared to the same period last year.
August 31, 2023 | 11:03 am
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Polestar Automotive's Q2 earnings and sales both missed analyst estimates, which could negatively impact the company's stock price in the short term.
Polestar Automotive's Q2 earnings per share and sales both missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term as investors adjust their expectations for the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100