Recap: Greenland Technologies Q1 Earnings - Greenland Technologies (NASDAQ:GTEC)

Greenland Technologies GTEC reported its Q1 earnings results on Monday, May 16, 2022 at 05:00 AM.

Here's what investors need to know about the announcement.

Greenland Technologies beat estimated earnings by 77.78%, reporting an EPS of $0.16 versus an estimate of $0.09.

Revenue was up $4.70 million from the same period last year.

Last quarter the company missed on EPS by $0.08 which was followed by a 2.33% drop in the share price the next day.

Here's a look at Greenland Technologies's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.11	0.12	0.11
EPS Actual	0.03	0.09	0.26	0.21
Revenue Estimate	24.06M	21.97M	20.60M	81.50M
Revenue Actual	22.90M	23.09M	28.20M	24.61M

To track all earnings releases for Greenland Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.