CBAK Energy Tech Q4 EPS $(0.06) Misses $0.01 Estimate, Sales $56.20M Miss $58.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
CBAK Energy Tech (NASDAQ:CBAT) reported Q4 earnings with a loss of $(0.06) per share, missing the $0.01 estimate, and sales of $56.20M, missing the $58.86M estimate. This represents a 50% improvement in losses and a 3.20% increase in sales compared to the same period last year.
March 15, 2024 | 10:06 am
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CBAK Energy Tech reported a Q4 EPS loss of $(0.06), missing estimates, and sales of $56.20M, also below expectations. However, there's a year-over-year improvement in both earnings and sales.
Missing both EPS and sales estimates is likely to negatively impact investor sentiment and stock price in the short term. However, the year-over-year improvement in losses and sales might mitigate some negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100