CORRECTION: Zoomcar Holdings Q1 EPS $(0.04) Up From $(59.61) YoY, Sales $2.24M Down From $2.62M YoY; Total Number Of Bookings Increased By 9%
Portfolio Pulse from Benzinga Newsdesk
Zoomcar reported Q1 revenues of $2.24 million, which is lower than the $2.61 million reported year-over-year. However, the total number of bookings increased by 9%.
August 16, 2024 | 12:11 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Zoomcar reported a decrease in Q1 revenues to $2.24 million from $2.61 million year-over-year, but saw a 9% increase in total bookings.
The decrease in revenue is a negative indicator for the company's financial health, which is likely to impact the stock price negatively in the short term. However, the increase in bookings could be seen as a positive sign for future revenue growth, providing a mixed outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100