Fluence Energy Q3 Sales $483.30M Beat $423.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fluence Energy (NASDAQ:FLNC) reported Q3 sales of $483.30 million, surpassing the analyst consensus estimate of $423.01 million by 14.25%. However, this represents a 9.89% decrease compared to the same period last year.
August 07, 2024 | 8:10 pm
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Fluence Energy reported Q3 sales of $483.30 million, beating the analyst estimate of $423.01 million by 14.25%. Despite this, sales were down 9.89% year-over-year.
The positive earnings surprise is likely to boost investor sentiment in the short term, despite the year-over-year decline in sales. Beating analyst estimates by a significant margin often leads to a positive stock price reaction.
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