AEye Q2 2024 Adj. EPS $(0.91) Beats $(1.16) Estimate, Sales $32.000K Miss $100.000K Estimate
Portfolio Pulse from Benzinga Newsdesk
AEye (NASDAQ:LIDR) reported Q2 2024 adjusted EPS of $(0.91), beating the estimate of $(1.16). However, sales were $32.000K, missing the $100.000K estimate and showing a 94.40% decrease from the same period last year.
August 05, 2024 | 8:41 pm
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AEye's Q2 2024 adjusted EPS of $(0.91) beat estimates, but sales of $32.000K missed expectations by 68% and were down 94.40% YoY.
While AEye's EPS beat expectations, the significant miss in sales and the drastic year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100