Greenland Technologies: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Greenland Technologies (NASDAQ:GTEC) reported Q3 earnings with an EPS of $-0.07, missing estimates by 240% against an expected $0.05. Revenue increased by $50 thousand year-over-year. Previously, GTEC beat Q2 EPS estimates but saw a 1.17% share price drop the following day. Historical earnings and revenue figures were provided for comparison.
November 20, 2023 | 12:05 pm
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NEGATIVE IMPACT
Greenland Technologies reported a significant miss in Q3 earnings with an EPS of $-0.07, which was below the estimated $0.05. Revenue showed a minor increase from the previous year.
The substantial earnings miss is likely to negatively impact investor sentiment and could lead to a short-term decline in GTEC's stock price, similar to the post-earnings drop experienced last quarter.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100