Data I/O Q3 EPS $(0.01) Misses $0.02 Estimate, Sales $6.56M Miss $6.71M Estimate
Portfolio Pulse from mahesh@benzinga.com
Data I/O reported Q3 losses of $(0.01) per share, missing the analyst consensus estimate of $0.02 by 150 percent. This is a 110 percent decrease from the same period last year. The company also reported quarterly sales of $6.56 million, missing the analyst consensus estimate of $6.71 million by 2.22 percent, a 9.03 percent decrease from the same period last year.
October 26, 2023 | 8:12 pm
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NEGATIVE IMPACT
Data I/O's Q3 earnings and sales missed estimates, indicating a potential negative impact on its stock price.
Data I/O's Q3 earnings and sales missed analyst estimates, which is typically a negative signal for the stock market. Investors often react to earnings misses by selling off the stock, which could lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100