GreenPower Motor Co FY Sales $39.300M Miss $41.050M Estimate
Portfolio Pulse from Benzinga Newsdesk
GreenPower Motor Co reported FY sales of $39.3 million, missing the estimated $41.05 million.
July 01, 2024 | 7:17 am
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NEGATIVE IMPACT
GreenPower Motor Co reported FY sales of $39.3 million, which is below the estimated $41.05 million. This miss could negatively impact the stock price in the short term as it indicates lower-than-expected revenue performance.
The miss on the sales estimate suggests that GreenPower Motor Co did not perform as well as analysts expected. This could lead to a negative reaction from investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100