Socket Mobile Q3 EPS $(0.16) Misses $(0.07) Estimate, Sales $3.21M Down From $3.73M YoY
Portfolio Pulse from Happy Mohamed
Socket Mobile (NASDAQ:SCKT) reported Q3 losses of $(0.16) per share, missing the analyst consensus estimate of $(0.07) by 128.57%. This is a 45.45% decrease over losses from the same period last year. The company also reported a 14.00% decrease in sales to $3.21 million from $3.73 million the same period last year.
October 27, 2023 | 8:07 pm
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NEGATIVE IMPACT
Socket Mobile's Q3 earnings were worse than expected, with losses per share and sales both decreasing significantly compared to the same period last year.
Socket Mobile reported a larger than expected loss per share and a decrease in sales compared to the same period last year. This negative earnings report is likely to have a negative impact on the company's stock price in the short term.
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