Reported Thursday - Evolv Technologies Q1 2024 Adj EPS $(0.09) Misses $(0.07) Estimate, Sales $21.668M Miss $22.999M Estimate
Portfolio Pulse from Benzinga Newsdesk
Evolv Technologies (NASDAQ:EVLV) reported Q1 2024 earnings with an adjusted EPS of $(0.09), missing the $(0.07) estimate, and sales of $21.668M, missing the $22.999M estimate. Despite these misses, both losses and sales showed improvement over the previous year, with losses decreasing by 25% and sales increasing by 16.61%.
May 10, 2024 | 11:31 am
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Evolv Technologies reported a miss on both EPS and sales estimates for Q1 2024 but showed improvement compared to last year with a 25% decrease in losses and a 16.61% increase in sales.
Missing earnings and sales estimates typically results in negative investor sentiment in the short term, leading to potential stock price decline. However, the year-over-year improvement in both metrics may mitigate some negative impact.
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