Oxford Square Cap Q3 EPS $0.11 Misses $0.12 Estimate, Sales $13.04M Miss $13.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oxford Square Cap (NASDAQ:OXSQ) reported Q3 earnings of $0.11 per share, missing the analyst consensus estimate of $0.12 by 8.33%. The company also reported quarterly sales of $13.04 million, missing the analyst consensus estimate of $13.40 million by 2.65%. However, this represents a 14.45% increase over sales of $11.40 million the same period last year.
November 07, 2023 | 1:02 pm
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NEGATIVE IMPACT
Oxford Square Cap's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY increase in sales may mitigate this impact.
Missing earnings and sales estimates typically leads to a negative reaction in the stock market. However, the YoY increase in sales indicates growth, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100