Greenland Technologies Q1 2024 GAAP EPS $0.18 Beats $0.03 Estimate, Sales $22.724M Miss $23.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Greenland Technologies (NASDAQ:GTEC) reported Q1 2024 earnings per share (EPS) of $0.18, significantly beating the analyst estimate of $0.03. However, the company's sales of $22.724 million slightly missed the estimate of $23.000 million.
May 16, 2024 | 1:24 pm
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Greenland Technologies reported a strong EPS beat for Q1 2024, with $0.18 per share against an estimate of $0.03. However, sales slightly missed expectations at $22.724 million versus $23.000 million.
The significant EPS beat is likely to have a positive impact on the stock price in the short term, despite the slight miss in sales. Investors often prioritize earnings over sales, especially when the earnings beat is substantial.
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