QuantumScape Q2 2024 GAAP EPS $(0.25) Misses $(0.23) Estimate
Portfolio Pulse from Benzinga Newsdesk
QuantumScape (NYSE:QS) reported a Q2 2024 GAAP EPS of $(0.25), missing the analyst consensus estimate of $(0.23) by 8.7%.
July 24, 2024 | 8:20 pm
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QuantumScape reported a Q2 2024 GAAP EPS of $(0.25), missing the analyst consensus estimate of $(0.23) by 8.7%. This earnings miss could negatively impact the stock price in the short term.
The earnings miss indicates that QuantumScape's financial performance was below market expectations, which typically leads to a negative reaction from investors and a potential decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100