Altus Power Q2 EPS $0.23 Beats $0.03 Estimate, Sales $52.46M Miss $57.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Altus Power (NYSE:AMPS) reported Q2 earnings per share (EPS) of $0.23, significantly beating the analyst estimate of $0.03. However, the company's sales of $52.46 million missed the $57.07 million estimate. Despite the sales miss, this represents a 12.79% increase over the same period last year.
August 08, 2024 | 8:24 pm
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Altus Power reported Q2 EPS of $0.23, beating estimates by a wide margin, but sales of $52.46 million missed expectations. Despite the sales miss, revenue increased by 12.79% YoY.
The significant EPS beat is likely to have a positive impact on the stock price in the short term, despite the sales miss. The YoY revenue increase also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100