iPower Q1 EPS $(0.04) Beats $(0.06) Estimate, Sales $26.51M Beat $24.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
iPower reported Q1 earnings with a loss of $(0.04) per share, surpassing the $(0.06) estimate, and sales of $26.51M, exceeding the $24.30M estimate. This reflects a significant improvement over the previous year's losses and a slight increase in sales.
November 14, 2023 | 9:44 pm
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POSITIVE IMPACT
iPower's Q1 earnings outperformed estimates with a smaller loss per share and higher sales compared to last year, indicating potential positive investor sentiment.
Beating both earnings and sales estimates typically leads to positive investor sentiment in the short term. The improvement over last year's figures further strengthens the case for a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100