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

Reuters08-09

* CBAK Energy Technology Inc reported quarterly adjusted earnings of 7 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported breakeven earnings per share. The lone analyst forecast for the quarter was for earnings of 7 cents per share.

* Revenue fell 15.2% to $47.79 million from a year ago; analysts expected $62.57 million.

* CBAK Energy Technology Inc's reported EPS for the quarter was 7 cents.

* The company reported quarterly net income of $6.45 million.

* CBAK Energy Technology Inc shares had fallen by 23.4% this quarter and held steady so far this year.

FORECAST CHANGES

* 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 $2.50

This summary was machine generated from LSEG data August 9 at 03:49 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

Jun. 30 2024 0.07 0.07 Met

Mar. 31 2024 0.11

Dec. 31 2023 -0.01

Sep. 30 2023 -0.02 0.00 Beat

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