Fuel Tech Q4 2023 GAAP EPS $(0.02) Beats $(0.03) Estimate, Sales $6.345M Miss $6.897M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fuel Tech (NASDAQ:FTEK) reported Q4 2023 earnings with a GAAP EPS of $(0.02), surpassing the $(0.03) estimate. However, their sales of $6.345M fell short of the $6.897M estimate, marking a 9.63% decrease from the previous year.
March 11, 2024 | 8:29 pm
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Fuel Tech reported better-than-expected Q4 2023 GAAP EPS but missed sales estimates, with a year-over-year decrease.
While Fuel Tech's EPS outperformed expectations, the miss on sales estimates and the year-over-year decrease could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
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