Canoo Q3 EPS $(0.18) Misses $(0.12) Estimate, Sales $519.00K Miss $610.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Canoo (NASDAQ:GOEV) reported Q3 earnings with an EPS of $(0.18), missing the $(0.12) estimate by 50%, and sales of $519.00K, missing the $610.00K estimate by 14.92%. Despite the miss, the reported losses show a 58.14% improvement from the same period last year.
November 14, 2023 | 9:49 pm
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NEGATIVE IMPACT
Canoo's Q3 earnings missed analyst estimates with a higher than expected loss per share and lower sales, but showed improvement from the previous year.
Missing earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the improvement from last year's losses may provide some positive outlook for long-term investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100