Beam Glb Q3 GAAP EPS $(0.26) Beats $(0.32) Estimate, Sales $16.49M Beat $16.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Beam Global (NASDAQ:BEEM) reported Q3 GAAP EPS of $(0.26), surpassing the $(0.32) estimate, and sales of $16.49M, exceeding the $16.27M estimate. The EPS represents an improvement of 61.19% over the previous year, and sales have increased by 149.37% compared to the same period last year.
November 14, 2023 | 12:13 pm
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Beam Global reported better-than-expected Q3 earnings and sales, indicating significant year-over-year growth in both metrics.
Positive earnings surprises, especially when accompanied by revenue growth, are typically seen as bullish indicators for a stock. BEEM's better-than-expected EPS and sales figures suggest operational efficiency and growth, which may lead to a positive short-term impact on the stock price.
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