Canoo Q2 Adj. EPs $(0.61) Up From $(3.14) YoY; Revenue $605K
Portfolio Pulse from Benzinga Newsdesk
Canoo reported its Q2 adjusted EPS of $(0.61), an improvement from $(3.14) year-over-year, with revenue of $605K.
August 14, 2024 | 8:07 pm
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Canoo's Q2 adjusted EPS improved to $(0.61) from $(3.14) YoY, and revenue reached $605K.
The significant improvement in adjusted EPS from $(3.14) to $(0.61) indicates better financial performance, which is likely to positively impact the stock price in the short term. The revenue of $605K, while modest, also contributes to a positive outlook.
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IMPORTANCE 80
RELEVANCE 100