ReNew Energy Glb Q3 Sales $192.00M Beat $175.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
ReNew Energy Global (RNW) reported Q3 sales of $192.00 million, surpassing the analyst consensus estimate of $175.58 million by 9.35%. However, this represents a 1.03% decrease from the $194.00 million sales reported in the same period last year.
February 20, 2024 | 11:38 am
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ReNew Energy Global (RNW) exceeded Q3 sales estimates but saw a slight decrease from last year's figures.
Beating sales estimates typically has a positive impact on investor sentiment and stock price in the short term. However, the slight year-over-year decrease might temper some of the positive momentum. Overall, the beat on estimates is likely to be the dominant factor affecting RNW's stock in the short term.
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