ECARX Holdings Q1 2024 GAAP EPS $(0.12) Misses $(0.08) Estimate, Sales $128.500M Miss $135.013M Estimate
Portfolio Pulse from Benzinga Newsdesk
ECARX Holdings (NASDAQ:ECX) reported Q1 2024 GAAP EPS of $(0.12), missing the $(0.08) estimate by 50%. Sales were $128.5M, missing the $135.013M estimate by 4.82%. Despite the misses, sales increased by 15.66% YoY.
May 20, 2024 | 11:04 am
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NEGATIVE IMPACT
ECARX Holdings reported Q1 2024 GAAP EPS of $(0.12), missing the $(0.08) estimate by 50%. Sales were $128.5M, missing the $135.013M estimate by 4.82%. Despite the misses, sales increased by 15.66% YoY.
The significant miss on both EPS and sales estimates is likely to negatively impact ECARX Holdings' stock price in the short term. However, the YoY sales increase may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100