Zedge Q3 EPS $(0.55) Misses $(0.03) Estimate, Sales $6.73M Beat $6.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zedge reported Q3 losses of $(0.55) per share, missing the $(0.03) estimate by 1733.33%, and a 1200% decrease YoY. Sales were $6.73M, beating the $6.01M estimate by 11.91% and a 7.96% increase YoY.
June 12, 2023 | 8:12 pm
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Zedge's Q3 earnings missed estimates with a $(0.55) loss per share, but sales beat estimates at $6.73M.
Zedge's stock price is likely to be negatively impacted in the short term due to the significant earnings miss of 1733.33%. However, the sales beat and YoY growth may provide some support to the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100