Beam Glb: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Beam Global (NASDAQ:BEEM) reported Q3 earnings with an EPS of $-0.26, beating estimates by 18.75% against an expected $-0.32. Revenue increased by $9.88 million compared to the same period last year. Despite beating last quarter's EPS estimate, BEEM's stock dropped by 5.83% the following day.
November 14, 2023 | 12:40 pm
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Beam Global reported better-than-expected Q3 earnings with an EPS of $-0.26, surpassing the estimate by 18.75%, and a notable year-over-year revenue increase.
Positive earnings surprises can lead to short-term stock price appreciation. However, BEEM's stock dropped after last quarter's earnings beat, indicating market reactions can be unpredictable. The significant revenue increase and earnings beat may boost investor confidence, potentially leading to a positive short-term impact on the stock price.
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