FuelCell Energy Q3 2024 GAAP EPS $(0.07), Inline, Sales $23.70M Beat $22.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
FuelCell Energy reported Q3 2024 earnings with a GAAP EPS of $(0.07), meeting expectations, and sales of $23.70M, beating estimates by 4.74%. However, sales decreased by 7.11% compared to the same period last year.
September 05, 2024 | 11:53 am
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FuelCell Energy's Q3 2024 earnings met EPS expectations at $(0.07) and exceeded sales estimates with $23.70M, a 4.74% beat. However, sales declined by 7.11% year-over-year.
The inline EPS suggests stability in earnings, while the sales beat indicates better-than-expected revenue performance. However, the year-over-year sales decline may concern investors, balancing the short-term impact to neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100