Lotus Technology Q2 EPS $(0.30) Up From $(0.38) YoY, Sales $225.03M Up From $110.91M YoY
Portfolio Pulse from totan@benzinga.com
Lotus Technology (NASDAQ:LOT) reported a Q2 EPS of $(0.30), an improvement from $(0.38) YoY, with sales increasing by 102.89% to $225.03M.
August 28, 2024 | 11:05 am
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POSITIVE IMPACT
Lotus Technology's Q2 results show a significant improvement in EPS and a substantial increase in sales, indicating positive business momentum.
The improvement in EPS from $(0.38) to $(0.30) indicates better cost management or increased efficiency. The 102.89% increase in sales suggests strong demand for Lotus Technology's products or services. These factors are likely to positively influence the stock price in the short term.
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RELEVANCE 100