Electrovaya Q3 Sales $10.30M Miss $18.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Electrovaya (NASDAQ:ELVA) reported Q3 sales of $10.30 million, missing the analyst consensus estimate of $18.43 million by 44.10%. This represents a 2.19% decrease compared to the same period last year.
August 13, 2024 | 8:42 pm
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NEGATIVE IMPACT
Electrovaya reported Q3 sales of $10.30 million, missing the analyst consensus estimate of $18.43 million by 44.10%. This is a 2.19% decrease over sales of $10.53 million the same period last year.
The significant miss on sales estimates and the year-over-year decrease in sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100