Plug Power Q3 EPS $(0.47) Misses $(0.30) Estimate, Sales $198.71M Miss $237.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Plug Power reported Q3 losses of $(0.47) per share, missing the analyst consensus estimate of $(0.30) by 56.67%. The company also reported quarterly sales of $198.71 million, missing the analyst consensus estimate of $237.92 million by 16.48%. This represents a 56.67% decrease in earnings and a 5.35% increase in sales compared to the same period last year.
November 09, 2023 | 9:03 pm
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NEGATIVE IMPACT
Plug Power's Q3 earnings and sales missed estimates, which could negatively impact the stock in the short term.
Plug Power's earnings and sales for Q3 have both missed estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100