Stem Q3 2024 Adj. EPS $(0.27) Misses $(0.21) Estimate, Sales $29.291M Miss $38.719M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stem (NYSE:STEM) reported Q3 2024 earnings with a larger-than-expected loss of $(0.27) per share, missing the consensus estimate of $(0.21). Sales also fell short at $29.291 million, a significant drop from the $38.719 million expected and a 78.10% decrease from the previous year.
October 30, 2024 | 8:28 pm
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Stem's Q3 2024 earnings report showed a significant miss on both EPS and sales estimates, with a notable year-over-year sales decline of 78.10%.
Stem's reported EPS and sales figures were significantly below analyst expectations, indicating potential operational challenges. The large year-over-year sales decline further suggests issues in revenue generation, likely leading to negative investor sentiment and short-term stock price decline.
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