Recap: Aeva Technologies Q3 Earnings
Portfolio Pulse from Benzinga Insights
Aeva Technologies reported its Q3 earnings, beating estimated earnings by 13.33% with an EPS of $-0.13 versus an estimate of $-0.15. However, revenue was down $564 thousand from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by an 8.18% drop in the share price the next day.

November 08, 2023 | 9:11 pm
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Aeva Technologies beat Q3 earnings estimates but reported a decrease in revenue. Past performance shows a share price drop following a beat in earnings estimates.
Aeva Technologies beat earnings estimates, which is generally a positive signal. However, the company reported a decrease in revenue, which is a negative signal. Additionally, past performance shows that the company's share price dropped following a beat in earnings estimates, suggesting that investors may have been expecting more. Therefore, the short-term impact on the stock price is likely to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100