CBAK Energy Technology Inc reports results for the quarter ended in December - Earnings Summary

Reuters03-15

* CBAK Energy Technology Inc reported a quarterly adjusted loss of 1 cent per share for the quarter ended in December. The lone analyst forecast for the quarter was for earnings of one cent per share.

* Revenue was $10.17 million; analysts expected $58.86 million.

* CBAK Energy Technology Inc's reported EPS for the quarter was breakeven results.

* The company reported a quarterly loss of $3.34 million.

* CBAK Energy Technology Inc shares had risen by 11.4% this quarter.

FORECAST CHANGES

* The mean earnings estimate of analysts was unchanged in the last three months.

* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

*

* Wall Street's median 12-month price target for CBAK Energy Technology Inc is $1.80

This summary was machine generated from LSEG data March 15 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Dec. 31 2023 0.01 -0.01 Missed

Sep. 30 2023 -0.02 0.00 Beat

0.00

0.01

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