Quantum Q1 Adj $(0.05) Misses $(0.01) Estimate, Sales $91.79M Miss $97.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Quantum (NASDAQ:QMCO) reported Q1 losses of $(0.05) per share, missing the analyst consensus estimate of $(0.01) by 400%. The company also reported quarterly sales of $91.79 million, missing the analyst consensus estimate of $97.03 million by 5.40%. This represents a decrease in both earnings and sales compared to the same period last year.
August 08, 2023 | 11:44 am
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NEGATIVE IMPACT
Quantum's Q1 results missed analyst estimates, with a 400% greater loss per share and a 5.40% lower sales than expected. This could negatively impact the company's stock in the short term.
Quantum's Q1 results were below analyst expectations, with a significantly higher loss per share and lower sales than predicted. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100