TrueCar Q3 2023 Gaap EPS $(0.09) Misses $(0.06) Estimate, Sales $41.15M Beat $40.92M Estimate
Portfolio Pulse from saritha@benzinga.com
TrueCar reported Q3 2023 GAAP EPS of $(0.09), missing the estimate of $(0.06) by 50%. However, the company's sales of $41.15M beat the estimate of $40.92M by 0.55%. This represents a 52.63% increase in losses and a 5.36% increase in sales compared to the same period last year.
November 06, 2023 | 9:57 pm
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TrueCar's Q3 2023 earnings missed estimates, but sales beat expectations. This mixed result could lead to uncertainty in the market.
TrueCar's earnings miss could negatively impact the stock, but the sales beat could offset this. The mixed results could lead to uncertainty, making it difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100