Hesai Gr Q4 EPS $(0.11), Inline, Sales $79.00M Miss $81.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hesai Gr (NASDAQ:HSAI) reported Q4 earnings with EPS of $(0.11), meeting analyst estimates, but missed revenue expectations with $79M against a forecast of $81.23M. Year-over-year, this represents a 21.43% decrease in losses and a 36.47% increase in sales.
March 11, 2024 | 9:05 pm
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Hesai Gr reported Q4 EPS of $(0.11), in line with estimates, but missed revenue forecasts with $79M vs. $81.23M expected. Sales increased 36.47% YoY, while losses decreased by 21.43%.
Meeting EPS estimates but missing on revenue forecasts presents a mixed financial picture for Hesai Gr. The significant year-over-year growth in sales and reduction in losses could be seen positively, but the revenue miss may temper short-term investor enthusiasm. The neutral score reflects this balance between positive and negative factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100