Gorilla Technology Gr FY 2023 Adj EPS $1.64 Beats $0.13 Estimate, Sales $64.695M Miss $65.255M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gorilla Technology Group (NASDAQ:GRRR) reported a significant earnings beat for FY 2023 with an adjusted EPS of $1.64, surpassing the analyst estimate of $0.13 by 1161.54%. However, the company's sales of $64.695 million slightly missed the estimate of $65.255 million by 0.86%, though it represents a 188.70% increase from the same period last year.
May 16, 2024 | 12:07 pm
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Gorilla Technology Group reported a significant earnings beat with an adjusted EPS of $1.64, far exceeding the analyst estimate of $0.13. However, sales of $64.695 million slightly missed the estimate of $65.255 million. Despite the sales miss, the substantial earnings beat and the 188.70% increase in sales from the previous year are likely to have a positive short-term impact on the stock price.
The significant earnings beat is likely to overshadow the slight sales miss, especially given the substantial year-over-year sales growth. Investors are likely to react positively to the strong earnings performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100