Lithium Americas Q1 EPS $(0.06) Misses $0.04 Estimate
Portfolio Pulse from Benzinga Newsdesk
Lithium Americas (NYSE:LAAC) reported Q1 earnings with a loss of $(0.06) per share, missing the analyst consensus estimate of $0.04 by 250%. This represents a 50% increase in losses compared to the same period last year.
May 13, 2024 | 9:39 pm
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Lithium Americas reported a significant miss in Q1 earnings, with losses per share increasing both sequentially and year-over-year.
Missing earnings estimates significantly, especially when the losses are increasing, typically leads to negative investor sentiment in the short term. This could result in downward pressure on the stock price as the market adjusts to the new information.
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