Aeva Technologies Q2 2024 Adj. EPS $(0.57) Beats $(0.58) Estimate, Sales $2.012M Beat $1.575M Estimate
Portfolio Pulse from Benzinga Newsdesk
Aeva Technologies (NYSE:AEVA) reported Q2 2024 adjusted EPS of $(0.57), beating the $(0.58) estimate, and sales of $2.012M, surpassing the $1.575M estimate. This represents a 13.64% improvement in EPS and a 170.79% increase in sales compared to the same period last year.
August 07, 2024 | 8:28 pm
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POSITIVE IMPACT
Aeva Technologies reported better-than-expected Q2 2024 results with an adjusted EPS of $(0.57) beating the $(0.58) estimate and sales of $2.012M surpassing the $1.575M estimate. This indicates a significant improvement in both earnings and sales compared to the same period last year.
The better-than-expected earnings and significant sales growth are positive indicators for Aeva Technologies. Beating both EPS and sales estimates suggests strong operational performance, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100