Grid Dynamics Holdings Q3 2023 Adj EPS $0.08, Inline, Sales $77.42M Beat $76.67M Estimate
Portfolio Pulse from saritha@benzinga.com
Grid Dynamics Holdings (NASDAQ:GDYN) reported Q3 2023 earnings of $0.08 per share, meeting analyst consensus. This is a 46.67% decrease from the same period last year. The company's quarterly sales of $77.42 million beat the analyst consensus estimate of $76.67 million by 0.98%, but this is a 4.61% decrease from last year.
November 02, 2023 | 8:16 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Grid Dynamics Holdings reported Q3 2023 earnings in line with estimates but down 46.67% YoY. Sales beat estimates but are down 4.61% YoY.
The company's earnings met analyst expectations, which is a positive sign. However, the significant YoY decrease in both earnings and sales could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100