Li-Cycle Holdings Q2 2024 GAAP EPS $(0.36) Beats $(1.35) Estimate, Sales $8.400M Beat $4.280M Estimate
Portfolio Pulse from Benzinga Newsdesk
Li-Cycle Holdings (NYSE:LICY) reported Q2 2024 GAAP EPS of $(0.36), significantly beating the analyst estimate of $(1.35). The company also reported sales of $8.400 million, surpassing the $4.280 million estimate and showing a 133.33% increase from the same period last year.
August 08, 2024 | 10:02 am
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Li-Cycle Holdings reported better-than-expected Q2 2024 results with a GAAP EPS of $(0.36) beating the $(1.35) estimate and sales of $8.400 million beating the $4.280 million estimate. This represents a significant improvement in both earnings and revenue, likely to positively impact the stock price in the short term.
The significant beat on both EPS and sales estimates, along with a substantial year-over-year increase in sales, indicates strong performance and growth potential. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100