Phoenix Motor Q1 Adj $0.44 Up From $(0.13) YoY, Sales $9.40M Up From $1.78M YoY
Portfolio Pulse from Benzinga Newsdesk
Phoenix Motor (NASDAQ:PEV) reported a significant improvement in its Q1 financial results, with earnings per share rising to $0.44 from a loss of $(0.13) last year, and sales increasing to $9.40 million from $1.78 million.
October 03, 2024 | 8:20 pm
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Phoenix Motor's Q1 earnings per share increased to $0.44 from a loss of $(0.13) last year, and sales rose to $9.40 million from $1.78 million, indicating strong financial performance.
The substantial increase in both earnings per share and sales suggests a strong financial performance, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100