FTC Solar Q4 2023 Adj EPS $(0.08) Misses $(0.07) Estimate, Sales $23.201M Beat $23.116M Estimate
Portfolio Pulse from Benzinga Newsdesk
FTC Solar (NASDAQ:FTCI) reported Q4 2023 adjusted EPS of $(0.08), missing the $(0.07) estimate, but sales of $23.201M beat the $23.116M estimate, marking an 11.51% decrease from the same period last year.
March 13, 2024 | 8:03 pm
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NEGATIVE IMPACT
FTC Solar reported a Q4 2023 adjusted EPS of $(0.08), missing estimates, with sales of $23.201M slightly beating expectations but showing a year-over-year decline.
The missed EPS estimate and the year-over-year sales decline are likely to negatively impact investor sentiment towards FTCI in the short term, despite the slight beat on sales estimates.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100