Gevo Q2 2024 GAAP EPS $(0.09), Inline, Sales $5.260M Beat $4.247M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gevo (NASDAQ:GEVO) reported Q2 2024 GAAP EPS of $(0.09), meeting analyst estimates, and sales of $5.260 million, beating the $4.247 million estimate. This represents a 50% increase in losses per share and a 24.12% increase in sales compared to the same period last year.
August 08, 2024 | 8:47 pm
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Gevo reported Q2 2024 GAAP EPS of $(0.09), meeting analyst estimates, and sales of $5.260 million, beating the $4.247 million estimate. This represents a 50% increase in losses per share and a 24.12% increase in sales compared to the same period last year.
The earnings per share met expectations, which is neutral news, but the significant beat on sales and the year-over-year increase in revenue are positive indicators. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100