Volcon Q3 Sales $487.43K Miss $700.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Volcon (NASDAQ:VLCN) reported Q3 sales of $487.43K, missing the analyst consensus estimate of $700.00K by 30.37%. However, this represents a 100.83% increase over sales of $242.71K in the same period last year.
October 31, 2023 | 12:34 pm
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NEGATIVE IMPACT
Volcon's Q3 sales missed the analyst consensus estimate by 30.37%, but showed a significant YoY increase.
Volcon's Q3 sales missed the analyst consensus estimate, which could negatively impact investor sentiment and the stock price in the short term. However, the significant YoY increase in sales could offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100