Why did PLL's Q4 earnings surprise analysts positively?

Piedmont Lithium's (PLL) Q4 earnings report exceeded analysts' expectations in terms of earnings per share (EPS), primarily due to record shipments of spodumene concentrate and significant revenue growth.

Despite a slight decrease in gross profit margin and ongoing challenges in the lithium market, the company's strategic initiatives, including cost savings plans and project developments, have contributed to its positive earnings outcome.