Lotus Technology Q1 EPS $(0.47) Down From $(0.35) YoY, Sales $173.08M Up From $19.12M YoY
Portfolio Pulse from Benzinga Newsdesk
Lotus Technology (NASDAQ:LOT) reported a Q1 EPS of $(0.47), a 34.29% decrease from $(0.35) YoY, but saw a significant sales increase to $173.08M, up 805.19% from $19.12M YoY.

May 29, 2024 | 11:03 am
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Lotus Technology reported a Q1 EPS of $(0.47), a 34.29% decrease from $(0.35) YoY. However, sales increased significantly to $173.08M, up 805.19% from $19.12M YoY.
While the EPS shows a larger loss compared to the same period last year, the significant increase in sales indicates strong revenue growth. This mixed result may lead to a neutral short-term impact on the stock price as investors weigh the higher losses against the substantial revenue growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100