Hesai Group Q2 Adj EPS $(0.05) Beats $(0.06) Estimate, Sales $63.14M Miss $65.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hesai Group (NASDAQ:HSAI) reported a Q2 adjusted EPS of $(0.05), beating the estimate of $(0.06), but sales of $63.14M missed the $65.22M estimate. EPS improved from last year's $(0.04), while sales increased by 3.99% from $60.72M.
August 19, 2024 | 9:08 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Hesai Group's Q2 EPS of $(0.05) beat expectations, but sales of $63.14M fell short of estimates. Despite the sales miss, EPS showed improvement from last year.
Hesai Group's EPS beat indicates better-than-expected cost management or revenue recognition, but the sales miss suggests potential challenges in market demand or competition. The mixed results may lead to a neutral short-term stock price impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100