Plug Power Q2 2024 Adj. EPS $(0.36) Misses $(0.29) Estimate, Sales $143.400M Miss $184.939M Estimate
Portfolio Pulse from Benzinga Newsdesk
Plug Power (NASDAQ:PLUG) reported Q2 2024 adjusted EPS of $(0.36), missing the $(0.29) estimate by 24.14%. Sales were $143.4M, missing the $184.939M estimate by 22.46% and down 44.88% from the same period last year.
August 08, 2024 | 11:01 am
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Plug Power reported Q2 2024 adjusted EPS of $(0.36), missing the $(0.29) estimate by 24.14%. Sales were $143.4M, missing the $184.939M estimate by 22.46% and down 44.88% from the same period last year.
Plug Power's significant miss on both EPS and sales estimates, along with a substantial year-over-year decline in sales, is likely to negatively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100