Lion Electric Q2 2024 GAAP EPS $(0.09) Beats $(0.11) Estimate, Sales $30.276M Miss $62.862M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lion Electric (NYSE:LEV) reported Q2 2024 GAAP EPS of $(0.09), beating the $(0.11) estimate, but sales of $30.276M missed the $62.862M estimate, marking a 47.81% YoY decrease.
July 31, 2024 | 10:34 am
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Lion Electric (NYSE:LEV) reported Q2 2024 GAAP EPS of $(0.09), beating the $(0.11) estimate by 18.18%. However, sales of $30.276M missed the $62.862M estimate by 51.84%, representing a 47.81% decrease from the same period last year.
While Lion Electric's EPS beat expectations, the significant miss on sales and the substantial year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100