Solid Power Q2 2024 GAAP EPS $(0.13) Misses $(0.07) Estimate, Sales $5.075M Miss $9.328M Estimate
Portfolio Pulse from Benzinga Newsdesk
Solid Power (NASDAQ:SLDP) reported Q2 2024 GAAP EPS of $(0.13), missing the $(0.07) estimate by 85.71%. Sales were $5.075M, missing the $9.328M estimate by 45.59%. EPS decreased by 85.71% YoY, while sales increased by 3.44% YoY.
August 06, 2024 | 8:53 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Solid Power reported Q2 2024 GAAP EPS of $(0.13), missing the $(0.07) estimate by 85.71%. Sales were $5.075M, missing the $9.328M estimate by 45.59%. EPS decreased by 85.71% YoY, while sales increased by 3.44% YoY.
The significant miss on both EPS and sales estimates is likely to negatively impact investor sentiment and the stock price in the short term. The large discrepancy between actual and estimated figures indicates potential issues in the company's performance or market conditions.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100