FuelCell Energy Q3 EPS $(0.06) Beats $(0.08) Estimate, Sales $25.51M Miss $27.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
FuelCell Energy reported Q3 losses of $(0.06) per share, beating the analyst consensus estimate of $(0.08) by 25%. However, the company's quarterly sales of $25.51 million missed the analyst consensus estimate of $27.72 million by 7.97%. This represents a 40.82% decrease over sales of $43.10 million the same period last year.
September 11, 2023 | 11:31 am
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FuelCell Energy's Q3 earnings beat estimates but sales missed, indicating mixed performance.
FuelCell Energy's earnings beat estimates, which is positive for the stock. However, the miss on sales, which decreased significantly from the same period last year, could negatively impact the stock. The net effect is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100