AEye Q1 Adj $(1.13) Beats $(1.40) Estimate, Sales $20.00K Miss $100.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
AEye (NASDAQ:LIDR) reported Q1 adjusted losses of $(1.13) per share, beating the $(1.40) estimate, but missed sales estimates with $20.00K versus the expected $100.00K. This represents a significant decrease in sales compared to the same period last year.
May 14, 2024 | 8:32 pm
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AEye reported better-than-expected Q1 adjusted EPS but significantly missed sales estimates, indicating mixed financial health.
The positive earnings surprise could provide some upward momentum for LIDR's stock price due to better-than-expected loss per share. However, the significant miss on sales forecasts and the drastic year-over-year sales decline could raise concerns about the company's revenue generation capabilities and growth prospects, potentially offsetting the positive impact of the earnings beat.
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