Cenntro Q2 EPS $(0.30) Up From $(0.46) YoY; Revenue $8.32M Up From $4.24M YoY
Portfolio Pulse from Benzinga Newsdesk
Cenntro Electric Group Ltd. (CENN) reported its Q2 earnings per share (EPS) of $(0.30), an improvement from $(0.46) year-over-year (YoY). The company's revenue increased to $8.32 million from $4.24 million YoY.
August 14, 2024 | 12:37 pm
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Cenntro Electric Group Ltd. (CENN) reported a significant improvement in its Q2 EPS, moving from $(0.46) to $(0.30) YoY. Additionally, the company's revenue more than doubled, increasing from $4.24 million to $8.32 million YoY.
The improvement in EPS and the significant increase in revenue are positive indicators for Cenntro Electric Group Ltd. (CENN). These financial metrics suggest better operational efficiency and growth, which are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100