Piedmont Lithium Q3 EPS $0.88 Misses $1.51 Estimate, Sales $47.10M Miss $50.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Piedmont Lithium (NASDAQ:PLL) reported Q3 earnings of $0.88 per share, missing the analyst consensus estimate of $1.51 by 41.72%. The company also reported quarterly sales of $47.10 million, missing the analyst consensus estimate of $50.29 million by 6.34%. However, this is a 225.71% increase over losses from the same period last year.
November 07, 2023 | 11:48 am
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Piedmont Lithium's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term. However, the significant increase over last year's losses may mitigate this impact.
Piedmont Lithium's Q3 earnings and sales fell short of analyst estimates, which could lead to a decrease in the stock price as investors adjust their expectations. However, the significant increase over last year's losses indicates an improving financial situation, which may offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100