Intelligent Bio Solutions FY EPS $(10.58) Misses $(6.53) Estimate, Sales $1.26M Miss $1.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Intelligent Bio Solutions (NASDAQ:INBS) reported a larger than expected quarterly loss of $(10.58) per share, missing the analyst consensus estimate of $(6.53) by 62.02%. The company also reported lower than expected quarterly sales of $1.26 million, missing the analyst consensus estimate of $1.73 million by 27.35%.
August 24, 2023 | 11:35 am
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NEGATIVE IMPACT
Intelligent Bio Solutions reported a larger than expected loss and lower than expected sales for the quarter, which could negatively impact the stock price in the short term.
Intelligent Bio Solutions reported a larger than expected loss and lower than expected sales for the quarter. This negative earnings surprise could lead to a decrease in the stock price as it indicates the company's performance was worse than expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100