FREYR Battery Q1 2024 GAAP EPS $(0.20) Misses $(0.19) Estimate
Portfolio Pulse from Benzinga Newsdesk
FREYR Battery (NYSE:FREY) reported a Q1 2024 GAAP EPS loss of $(0.20), missing the consensus estimate of $(0.19) by 5.26%. This represents a 122.22% increase in losses compared to $(0.09) per share from the same period last year.
May 08, 2024 | 10:03 am
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FREYR Battery reported a larger than expected loss in Q1 2024, with a GAAP EPS of $(0.20), missing estimates by 5.26% and showing a significant increase in losses from the previous year.
The reported earnings miss and the significant increase in losses year-over-year are likely to negatively impact investor sentiment towards FREYR Battery in the short term. Missing analyst estimates, especially with a larger loss than expected, can lead to decreased confidence in the company's financial health and operational efficiency, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100