FuelCell Energy Q2 2024 GAAP EPS $(0.07) Beats $(0.08) Estimate, Sales $22.420M Beat $21.351M Estimate
Portfolio Pulse from Benzinga Newsdesk
FuelCell Energy (NASDAQ:FCEL) reported Q2 2024 GAAP EPS of $(0.07), beating the $(0.08) estimate. Sales were $22.420M, surpassing the $21.351M estimate. Despite beating estimates, sales decreased by 41.54% compared to the same period last year.
June 10, 2024 | 11:33 am
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FuelCell Energy reported better-than-expected Q2 2024 GAAP EPS of $(0.07) and sales of $22.420M, beating analyst estimates. However, sales decreased by 41.54% compared to the same period last year.
FuelCell Energy's better-than-expected EPS and sales figures are positive indicators, likely to boost investor confidence in the short term. However, the significant year-over-year sales decline may temper enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100