Bloom Energy Q1 2024 Adj EPS $(0.17) Misses $(0.11) Estimate, Sales $235.300M Miss $250.207M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bloom Energy reported Q1 2024 adjusted EPS of $(0.17), missing the $(0.11) estimate, with sales of $235.3M also missing the $250.207M estimate. This represents a 14.50% decrease in sales compared to the same period last year.
May 09, 2024 | 8:55 pm
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NEGATIVE IMPACT
Bloom Energy's Q1 2024 earnings and sales missed estimates, with a significant decrease in sales compared to last year.
Missing both earnings and sales estimates significantly, especially with a notable year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100