FTC Solar Q3 EPS $(0.08) Misses $(0.07) Estimate, Sales $30.55M Beat $29.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
FTC Solar (NASDAQ:FTCI) reported Q3 losses of $(0.08) per share, missing the analyst consensus estimate of $(0.07) by 14.29%. However, the company's quarterly sales of $30.55 million beat the estimate of $29.21 million by 4.59%. This represents a 52.94% increase in losses and an 84.37% increase in sales compared to the same period last year.
November 08, 2023 | 11:32 am
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NEUTRAL IMPACT
FTC Solar's Q3 earnings per share missed estimates, but sales exceeded expectations. The company's losses increased compared to last year, but so did sales.
FTC Solar's mixed Q3 results, with a miss on earnings but a beat on sales, could lead to neutral short-term price movement. The increase in losses may be a concern for investors, but the significant increase in sales could offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100