Stock Track | NuScale Power Plummets 5.23% Intraday After Missing Q1 Earnings and Revenue Estimates

Stock Track05-08

NuScale Power's stock plummeted 5.23% during intraday trading on Friday, following the release of its first-quarter earnings report the previous evening.

The company reported an adjusted loss of 14 cents per share for the quarter ended March 31, missing the analyst consensus estimate of a 13-cent loss. Revenue fell dramatically by 95.8% year-over-year to $565,000, far below the expected $14.67 million, and the company reported a quarterly loss of $44.02 million.

Analysts had been lowering their estimates in recent months, with one negative revision in the last 30 days, contributing to investor disappointment and the stock's decline.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment