Sigma Lithium Q2 2024 GAAP EPS C$0.13 Misses C$0.20 Estimate, Sales C$62.857M Miss C$93.394M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sigma Lithium reported its Q2 2024 financial results, missing both earnings and sales estimates. The company posted a GAAP EPS of C$0.13, falling short of the C$0.20 estimate, and sales of C$62.857 million, missing the C$93.394 million estimate.
August 16, 2024 | 8:37 am
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Sigma Lithium's Q2 2024 financial results missed both earnings and sales estimates. The company reported a GAAP EPS of C$0.13, below the C$0.20 estimate, and sales of C$62.857 million, missing the C$93.394 million estimate.
The significant miss on both earnings and sales estimates is likely to negatively impact investor sentiment and the stock price in the short term. The market typically reacts unfavorably to such discrepancies between actual and expected financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100