Hesai Group Q1 Adj EPS $(0.08), Inline, Sales $49.74M Beat $47.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hesai Group (NASDAQ:HSAI) reported Q1 adjusted losses of $(0.08) per share, meeting analyst expectations. The company achieved quarterly sales of $49.74 million, surpassing the $47.44 million estimate by 4.84%. However, this represents a 20.55% decline from the same period last year.
May 20, 2024 | 9:09 pm
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Hesai Group reported Q1 adjusted losses of $(0.08) per share, in line with expectations. Sales of $49.74 million beat estimates by 4.84% but were down 20.55% year-over-year.
The in-line EPS and sales beat are positive, but the significant year-over-year decline in sales tempers the overall impact. The stock is likely to remain neutral in the short term.
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IMPORTANCE 80
RELEVANCE 100