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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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.
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