Aeva Technologies Q3 2023 Adj EPS $(0.13) Beats $(0.15) Estimate, Sales $810.00K Miss $840.00K Estimate
Portfolio Pulse from saritha@benzinga.com
Aeva Technologies reported Q3 2023 adjusted EPS of $(0.13), beating the estimate of $(0.15) by 13.33%. However, the company's sales of $810.00K missed the estimate of $840.00K by 3.57%. This represents a 7.14% increase in losses and a 41.05% decrease in sales compared to the same period last year.
November 08, 2023 | 9:05 pm
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NEUTRAL IMPACT
Aeva Technologies reported better than expected Q3 2023 EPS but missed on sales. This could have mixed implications for the stock.
Aeva Technologies reported a better than expected EPS, which is a positive signal for investors as it indicates better profitability. However, the company missed on sales, which could be a concern as it indicates lower than expected revenue. These mixed results could lead to uncertainty and volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100