Cepton Q2 2024 Adj EPS $0.03 Beats $(0.33) Estimate, Sales $10.43M Miss $11.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cepton (NASDAQ:CPTN) reported Q2 2024 adjusted EPS of $0.03, significantly beating the analyst estimate of $(0.33). However, sales of $10.43 million missed the $11.00 million estimate. Despite the miss, sales increased by 274.17% year-over-year.
August 12, 2024 | 8:28 pm
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POSITIVE IMPACT
Cepton's Q2 2024 adjusted EPS of $0.03 beat expectations by 109.09%, but sales of $10.43 million missed the $11.00 million estimate. Sales increased by 274.17% year-over-year.
Cepton's significant EPS beat is likely to positively impact the stock price in the short term, despite the slight miss in sales. The substantial year-over-year sales growth further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100