SPI Energy Q3 2023 EPS $(0.06) Up From $(0.48) YoY, Revenue $55.9M Up From $42.8M YoY
Portfolio Pulse from Benzinga Newsdesk
SPI Energy reported a Q3 2023 EPS of $(0.06), an improvement from $(0.48) in the same quarter last year. Revenue increased to $55.9M from $42.8M YoY, indicating growth.
November 21, 2023 | 9:05 pm
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POSITIVE IMPACT
SPI Energy's Q3 2023 financial results show a significant improvement in EPS and an increase in revenue compared to the same quarter last year.
The improvement in SPI Energy's EPS from $(0.48) to $(0.06) suggests a strong turnaround in profitability, which is typically viewed positively by investors. The increase in revenue from $42.8M to $55.9M indicates the company is experiencing growth, which could lead to a positive short term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100