LanzaTech Global Q1 2024 GAAP EPS $(0.13) Misses $(0.12) Estimate, Sales $10.244M Miss $11.255M Estimate
Portfolio Pulse from Benzinga Newsdesk
LanzaTech Global (LNZA) reported Q1 2024 earnings with a GAAP EPS of $(0.13), missing the $(0.12) estimate, and sales of $10.244M, below the $11.255M estimate. Despite these misses, the company saw a 77.59% decrease in losses per share and a 6.20% increase in sales compared to the same period last year.
May 09, 2024 | 11:14 am
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LanzaTech Global reported a Q1 2024 GAAP EPS of $(0.13), missing estimates, and sales of $10.244M, also missing estimates but showed improvement in reducing losses and increasing sales year-over-year.
Missing both EPS and sales estimates can negatively impact investor sentiment and stock price in the short term. However, the significant reduction in losses and increase in sales year-over-year indicate underlying business strength, which might mitigate some negative impact.
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RELEVANCE 100