LightPath Technologies Sees Prelim. Q3 Sales $8.4M-$8.7M vs $8.79M Est.
Portfolio Pulse from Benzinga Newsdesk
LightPath Technologies announced preliminary Q3 sales between $8.4M and $8.7M, slightly below the estimated $8.79M.
April 09, 2020 | 12:10 pm
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LightPath Technologies' preliminary Q3 sales are reported to be between $8.4M and $8.7M, which is slightly below the market estimate of $8.79M. This could indicate a minor shortfall in expected revenue.
The preliminary sales figures are slightly below expectations, which could lead to a negative short-term reaction in the stock market as investors may adjust their expectations based on this revenue shortfall.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100