ARC Document Solutions Q3 2023 Adj EPS $0.07 Misses $0.08 Estimate, Sales $71.06M Miss $72.20M Estimate
Portfolio Pulse from saritha@benzinga.com
ARC Document Solutions reported Q3 2023 earnings of $0.07 per share, missing the analyst consensus estimate of $0.08 by 12.5%. The company's quarterly sales were $71.06 million, missing the estimate of $72.20 million by 1.58%. Both earnings and sales have decreased compared to the same period last year.
November 02, 2023 | 8:48 pm
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NEGATIVE IMPACT
ARC Document Solutions reported lower than expected earnings and sales for Q3 2023. This could negatively impact the company's stock in the short term.
ARC Document Solutions reported lower than expected earnings and sales for Q3 2023. This underperformance could lead to a decrease in investor confidence, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100