Faraday Future FY 2023 GAAP EPS $(44.81) Beats $(47.97) Estimate, Sales $784.000K Miss $2.590M Estimate
Portfolio Pulse from Benzinga Newsdesk
Faraday Future (NASDAQ:FFIE) reported a GAAP EPS of $(44.81) for FY 2023, beating the analyst estimate of $(47.97). However, the company missed its sales estimate, reporting $784,000 compared to the expected $2.59 million.
May 28, 2024 | 9:24 pm
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Faraday Future reported a better-than-expected GAAP EPS of $(44.81) but significantly missed sales estimates, reporting $784,000 compared to the expected $2.59 million.
While Faraday Future beat EPS estimates, the significant miss on sales expectations is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100