Greenland Technologies Q2 2024 GAAP EPS $0.34 Beats $0.04 Estimate, Sales $23.017M Miss $27.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Greenland Technologies (NASDAQ:GTEC) reported Q2 2024 earnings per share (EPS) of $0.34, significantly beating the analyst estimate of $0.04. However, the company's sales of $23.017 million missed the $27.000 million estimate and were down 2.34% from the same period last year.
August 15, 2024 | 8:05 pm
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Greenland Technologies reported a strong EPS beat but missed on sales estimates and showed a year-over-year decline in revenue.
The significant EPS beat is a positive indicator, but the miss on sales and the year-over-year decline in revenue could temper investor enthusiasm. The mixed results may lead to neutral short-term price movement.
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