Recap: Bloom Energy Q3 Earnings
Portfolio Pulse from Benzinga Insights
Bloom Energy (NYSE:BE) reported its Q3 earnings results, beating estimated earnings by 475.0% with an EPS of $0.15 versus an estimate of $-0.04. Revenue was up $107.99 million from the same period last year. Last quarter, the company missed on EPS by $0.03, which was followed by a 4.16% drop in the share price the next day.
November 08, 2023 | 9:10 pm
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Bloom Energy's Q3 earnings beat estimates by a significant margin, which could lead to a positive reaction in the stock price.
Bloom Energy reported a significant beat on its Q3 earnings, which is typically a positive catalyst for a company's stock price. Given the magnitude of the beat, it's likely that the market will react positively to this news in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100