Gogoro Q1 EPS $(0.06) Compared With $(0.17) YoY, Sales $69.71M Lower Than $79,319M
Portfolio Pulse from Benzinga Newsdesk
Gogoro reported Q1 EPS of $(0.06), beating the consensus estimate of $(0.08) and improving from $(0.17) YoY. However, their sales of $69.71M missed the consensus estimate of $94.98M, marking a 12.11% decrease from $79.32M YoY.
May 09, 2024 | 10:05 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Gogoro's Q1 earnings surpassed expectations with an EPS of $(0.06), improving from $(0.17) YoY, but sales fell short at $69.71M against estimates of $94.98M.
While Gogoro's EPS beat may positively impact investor sentiment due to improved profitability, the significant miss on sales forecasts could raise concerns about growth and demand, leading to a neutral short-term stock price impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100