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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100