NuScale Power Q2 2024 GAAP EPS $(0.31) Misses $(0.13) Estimate, Sales $967.000K Down From $5.795M YoY
Portfolio Pulse from Benzinga Newsdesk
NuScale Power (NYSE:SMR) reported Q2 2024 GAAP EPS of $(0.31), missing the $(0.13) estimate by 138.46%. Sales were $967K, down 83.31% YoY from $5.795M.
August 08, 2024 | 10:08 pm
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NuScale Power reported a significant earnings miss and a substantial YoY decline in sales for Q2 2024. The GAAP EPS of $(0.31) missed the $(0.13) estimate by 138.46%, and sales dropped 83.31% YoY to $967K.
The significant miss on earnings and the substantial decline in sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100