ECARX Holdings Q2 2024 GAAP EPS $(0.12) Misses $(0.08) Estimate, Sales $173.000M Beat $169.746M Estimate
Portfolio Pulse from Benzinga Newsdesk
ECARX Holdings (NASDAQ:ECX) reported Q2 2024 GAAP EPS of $(0.12), missing the $(0.08) estimate, but achieved sales of $173.000M, beating the $169.746M estimate. EPS decreased by 71.43% year-over-year, while sales increased by 31.66%.
August 08, 2024 | 11:16 am
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ECARX Holdings reported a Q2 2024 GAAP EPS of $(0.12), missing the $(0.08) estimate, but achieved sales of $173.000M, beating the $169.746M estimate. EPS decreased by 71.43% year-over-year, while sales increased by 31.66%.
The significant miss on EPS by 50% is likely to negatively impact investor sentiment in the short term, despite the positive sales performance. The year-over-year decrease in EPS by 71.43% further adds to the negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100