Ballard Power Systems Q2 2024 GAAP EPS $(0.11) Beats $(0.13) Estimate, Sales $16.000M Miss $18.623M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ballard Power Systems (NASDAQ:BLDP) reported Q2 2024 GAAP EPS of $(0.11), beating the estimate of $(0.13). However, sales of $16.000M missed the $18.623M estimate, though they increased by 4.52% year-over-year.
August 12, 2024 | 12:32 pm
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Ballard Power Systems reported a Q2 2024 GAAP EPS of $(0.11), beating the $(0.13) estimate. However, sales of $16.000M missed the $18.623M estimate, despite a 4.52% YoY increase.
The EPS beat is a positive sign, but the sales miss could weigh on investor sentiment. The YoY sales increase is a positive, but the overall mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100