Lion Electric Q1 2024 Adj EPS $(0.10) Misses $(0.09) Estimate, Sales $55.50M Miss $69.16M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lion Electric reported Q1 2024 adjusted EPS of $(0.10), missing the $(0.09) estimate, with sales of $55.50M also missing the $69.16M estimate. This represents a 1.46% increase in sales compared to the same period last year.

May 08, 2024 | 10:31 am
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NEGATIVE IMPACT
Lion Electric missed Q1 2024 earnings and sales estimates, with a slight year-over-year sales increase.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the slight increase in sales year-over-year may mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100