Gogoro Q3 EPS $(0.01) Down From $0.24 YoY, Sales $91.75M Down From $102.18M YoY
Portfolio Pulse from Benzinga Newsdesk
Gogoro Inc. (NASDAQ:GGR) reported a significant decrease in earnings per share (EPS) and sales for Q3, with EPS dropping to $(0.01) from $0.24 year-over-year (YoY) and sales falling to $91.75M from $102.18M YoY.
November 16, 2023 | 11:03 am
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Gogoro Inc. reported a 104.17% decrease in EPS and a 10.21% decrease in sales for Q3 YoY, indicating a significant downturn in financial performance.
The reported decrease in both EPS and sales is a strong indicator of a negative financial performance for Gogoro, which is likely to lead to a negative investor sentiment and a potential decrease in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100