Ideal Power: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Ideal Power (NASDAQ:IPWR) reported Q4 earnings, beating estimates with an EPS of $-0.39 against an expected $-0.42. Revenue increased by $44 thousand year-over-year. Despite missing EPS estimates last quarter, the share price increased by 11.0% the following day.
February 29, 2024 | 2:30 pm
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Ideal Power reported better than expected Q4 earnings with an EPS of $-0.39, surpassing the estimate of $-0.42, and saw a revenue increase of $44 thousand from the previous year.
Ideal Power's positive earnings surprise and year-over-year revenue increase are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. Historical context from the last quarter shows that even when earnings missed estimates, the stock price increased significantly the following day, suggesting a positive investor sentiment towards IPWR's financial health and growth prospects.
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