Sunrise New Energy FY EPS $(1.08) Down From $(0.98) YoY, Sales $45.05M Up From $38.13M YoY
Portfolio Pulse from Benzinga Newsdesk
Sunrise New Energy (NASDAQ:EPOW) reported a quarterly loss of $(1.08) per share, a 10.2% increase in losses compared to $(0.98) per share from the same period last year. However, the company saw an 18.16% increase in sales, reporting $45.05 million compared to $38.13 million last year.
May 23, 2024 | 1:30 pm
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Sunrise New Energy (NASDAQ:EPOW) reported a quarterly loss of $(1.08) per share, a 10.2% increase in losses compared to $(0.98) per share from the same period last year. However, the company saw an 18.16% increase in sales, reporting $45.05 million compared to $38.13 million last year.
The increase in losses per share is likely to negatively impact investor sentiment in the short term, despite the positive growth in sales. The market may react more strongly to the increased losses, leading to a potential decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100