Fluence Energy Q1 2024 GAAP EPS $(0.14), Inline, Sales $363.96M Miss $407.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fluence Energy (NASDAQ:FLNC) reported Q1 2024 GAAP EPS of $(0.14), meeting analyst consensus estimates. However, their quarterly sales of $363.96M fell short of the expected $407.61M, a miss by 10.71%, though it represents a 17.23% increase from the same period last year.
February 07, 2024 | 9:31 pm
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Fluence Energy reported Q1 2024 earnings with EPS of $(0.14), in line with estimates, but missed sales forecasts by 10.71%, reporting $363.96M against an expected $407.61M.
Missing sales forecasts by a significant margin of 10.71% could lead to negative investor sentiment in the short term, despite meeting EPS estimates. The sales miss, especially when compared to analyst expectations, often results in a negative perception of the company's growth and operational efficiency, potentially leading to a decrease in stock price.
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