Complete Solaria Q3 EPS $(1.28) Down From $(0.31) YoY, Sales $24.59M Up From $12.26M YoY
Portfolio Pulse from Benzinga Newsdesk
Complete Solaria reported a significant increase in Q3 losses to $(1.28) per share from $(0.31) YoY, despite a 100.57% increase in sales to $24.59M from $12.26M YoY.
November 15, 2023 | 6:51 am
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NEGATIVE IMPACT
Complete Solaria's Q3 earnings show a substantial increase in losses per share alongside a significant rise in sales compared to last year.
The sharp decline in earnings per share (EPS) suggests that the company's profitability has worsened significantly, which is typically seen as a negative indicator by investors and could lead to a short-term decline in stock price. However, the increase in sales indicates that the company is growing its top line, which might offset some negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100