Ideal Power Q2 EPS $(0.31) Up From $(0.37) YoY, Sales $1.33K Miss $100.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Ideal Power (NASDAQ:IPWR) reported Q2 EPS of $(0.31), an improvement from $(0.37) YoY, but missed sales estimates significantly with $1.33K against the expected $100.00K.
August 14, 2024 | 1:23 pm
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Ideal Power reported a Q2 EPS of $(0.31), an improvement from $(0.37) YoY. However, the company missed sales estimates significantly, reporting $1.33K against the expected $100.00K.
While the EPS showed improvement, the significant miss on sales estimates and the drastic YoY sales decline are likely to negatively impact the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100