SES AI Q3 EPS $(0.04) Beats $(0.10) Estimate, Says Liquidity Is Sufficient To Reach Commercialization
Portfolio Pulse from Benzinga Newsdesk
SES AI (NYSE:SES) reported Q3 losses of $(0.04) per share, beating the analyst consensus estimate of $(0.10) by 60 percent. This is a 50 percent improvement over losses of $(0.08) per share from the same period last year. The company also stated that its liquidity is sufficient to reach commercialization.
November 07, 2023 | 11:56 am
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SES AI reported better than expected Q3 results, with losses per share of $(0.04), beating estimates by 60%. The company's liquidity position is also strong, indicating it has sufficient resources to reach commercialization.
SES AI's Q3 results were better than expected, which is likely to be viewed positively by investors. The company's statement about its liquidity being sufficient to reach commercialization also indicates a positive outlook for the company's future, which could lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100