Serve Robotics Q2 2024 GAAP EPS $(0.27) Misses $(0.25) Estimate, Sales $468.375K Beat $400.000K Estimate
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Serve Robotics (NASDAQ:SERV) reported Q2 2024 GAAP EPS of $(0.27), missing the $(0.25) estimate, but achieved sales of $468.375K, beating the $400.000K estimate. EPS improved by 63.51% YoY, and sales surged by 655.33% YoY.
August 13, 2024 | 8:07 pm
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Serve Robotics reported Q2 2024 GAAP EPS of $(0.27), missing the $(0.25) estimate, but achieved sales of $468.375K, beating the $400.000K estimate. EPS improved by 63.51% YoY, and sales surged by 655.33% YoY.
Despite missing EPS estimates by 8%, Serve Robotics showed significant improvement in EPS YoY and a substantial increase in sales, which beat estimates by 17.09%. This positive sales performance and YoY improvement in EPS are likely to have a positive short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100