Xos Q3 2023 Gaap EPS $(0.08) Beats $(0.10) Estimate, Sales $16.70M Beat $13.28M Estimate
Portfolio Pulse from saritha@benzinga.com
Xos (NASDAQ:XOS) reported Q3 2023 GAAP EPS of $(0.08), beating the estimate of $(0.10) by 20%. This is a 42.86% increase over losses from the same period last year. The company also reported quarterly sales of $16.70M, beating the estimate of $13.28M by 25.72%, a 51.67% increase over sales from the same period last year.
November 09, 2023 | 9:50 pm
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POSITIVE IMPACT
Xos reported better than expected Q3 2023 earnings and sales, indicating a positive financial performance.
Xos reported a smaller loss per share and higher sales than expected for Q3 2023, indicating a strong financial performance. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100