ECARX Holdings Q4 2023 GAAP EPS $(0.12) Beats $(0.13) Estimate, Sales $263.10M Beat $209.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
ECARX Holdings (NASDAQ:ECX) reported Q4 2023 earnings with a GAAP EPS of $(0.12), surpassing the $(0.13) estimate. Sales reached $263.10M, exceeding the $209.50M forecast, marking an 18.83% increase from the previous year.
February 28, 2024 | 12:01 pm
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ECARX Holdings reported better-than-expected Q4 2023 earnings, with EPS and sales surpassing estimates and showing significant year-over-year growth.
ECARX Holdings' earnings beat and significant sales growth indicate strong operational performance and market demand for their products. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in ECX's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100