Xos Q2 2024 GAAP EPS $(1.23) Beats $(2.08) Estimate, Sales $15.535M Miss $16.543M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xos (NASDAQ:XOS) reported Q2 2024 GAAP EPS of $(1.23), beating the estimate of $(2.08) by 40.87%. However, sales of $15.535M missed the $16.543M estimate by 6.09%. Sales increased by 226.78% compared to the same period last year.
August 13, 2024 | 8:12 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Xos reported better-than-expected EPS for Q2 2024, but missed on sales estimates. Despite the sales miss, the company showed significant year-over-year growth.
The better-than-expected EPS is a positive indicator, suggesting cost management or other efficiencies. The sales miss is a negative, but the significant year-over-year growth in sales is a strong positive. Overall, the news is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100