Bloom Energy Q2 Adj $(0.06) Misses $(0.03) Estimate, Sales $335.76M Beat $316.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bloom Energy (NYSE:BE) reported Q2 losses of $(0.06) per share, missing the $(0.03) estimate, but achieved sales of $335.76M, beating the $316.94M estimate. Losses improved by 64.71% YoY, and sales increased by 11.51% YoY.
August 08, 2024 | 8:15 pm
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Bloom Energy reported Q2 losses of $(0.06) per share, missing the $(0.03) estimate, but achieved sales of $335.76M, beating the $316.94M estimate. Losses improved by 64.71% YoY, and sales increased by 11.51% YoY.
While Bloom Energy missed earnings estimates, the improvement in losses and the beat on sales estimates provide a mixed outlook. The market may react neutrally in the short term as investors weigh the positive sales growth against the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100