Xos Q1 2024 GAAP EPS $(1.80) Beats $(2.25) Estimate, Sales $13.162M Miss $15.720M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xos (NASDAQ:XOS) reported Q1 2024 GAAP EPS of $(1.80), beating the $(2.25) estimate, but missed sales estimates with $13.162M against $15.720M. EPS improved by 58.33% YoY, and sales increased by 180.22% YoY.
May 15, 2024 | 10:54 pm
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POSITIVE IMPACT
Xos reported better-than-expected EPS for Q1 2024, beating estimates by 20%. However, sales missed expectations by 16.27%. Despite the mixed results, both EPS and sales showed significant YoY improvement.
The better-than-expected EPS is a positive indicator and may boost investor confidence, leading to a potential short-term price increase. However, the sales miss could temper the enthusiasm. Overall, the significant YoY improvements in both EPS and sales are likely to have a positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100