Verde Clean Fuels Q2 EPS $(0.14) Down From $(0.12) YoY
Portfolio Pulse from Benzinga Newsdesk
Verde Clean Fuels (NASDAQ:VGAS) reported a Q2 EPS of $(0.14), a 16.67% decrease from $(0.12) YoY. The company ended the quarter with $23.2 million in cash and cash equivalents.
August 13, 2024 | 11:43 am
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Verde Clean Fuels reported a Q2 EPS of $(0.14), a 16.67% decrease from $(0.12) YoY. The company ended the quarter with $23.2 million in cash and cash equivalents.
The reported decrease in EPS indicates worsening financial performance, which is likely to negatively impact the stock price in the short term. However, the company's cash position remains strong.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100