Faraday Future Q3 2023 EPS $(3.78) Misses $(3.00) Estimate, Sales $551.00K Miss $1.50M Estimate
Portfolio Pulse from vinayak@benzinga.com
Faraday Future (NASDAQ:FFIE) reported a Q3 2023 EPS of $(3.78), missing the $(3.00) estimate by 26%, and sales of $551.00K, missing the $1.50M estimate by 63.27%. Despite the miss, the loss per share improved by 84.25% compared to the $(24.00) per share loss in the same period last year.
November 13, 2023 | 11:05 pm
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NEGATIVE IMPACT
Faraday Future's Q3 2023 earnings missed estimates with a larger-than-expected loss per share and lower sales, but showed significant improvement from the previous year's losses.
The missed EPS and sales estimates are likely to negatively impact investor sentiment in the short term, as they indicate the company is underperforming compared to market expectations. However, the improvement from last year's losses may provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100