Red Cat Holdings Q4 Adj EPS $(0.16) Down From $(0.09) YoY, Sales $2.21M Miss $4.20M Estimate
Portfolio Pulse from sunil@benzinga.com
Red Cat Holdings reported Q4 adjusted EPS of $(0.16), a 77.78% decrease YoY, and sales of $2.21M, missing the $4.20M estimate. This represents a 68.06% increase in sales compared to the same period last year.
July 27, 2023 | 9:19 pm
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Red Cat Holdings reported a significant YoY decrease in Q4 EPS and missed sales estimates, which could negatively impact the stock in the short term.
Red Cat Holdings reported a significant year-over-year decrease in its Q4 earnings per share, and its sales missed analyst estimates. This underperformance could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
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