Melco Q3 2023 EPS $(0.25) May Not Compare To $0.03 Estimate, Revenue $1.017B Misses $1.026B Estimate
Portfolio Pulse from Benzinga Newsdesk
Melco's Q3 2023 earnings per share (EPS) of $(0.25) did not meet the estimated $0.03. Additionally, the company's revenue of $1.017B fell short of the $1.026B estimate.
November 07, 2023 | 1:06 pm
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NEGATIVE IMPACT
Melco's Q3 2023 earnings and revenue missed estimates, which could negatively impact the company's stock price in the short term.
Earnings reports are a significant factor in a company's stock price. Melco's lower than expected earnings and revenue for Q3 2023 could lead to a decrease in the company's stock price as it indicates potential financial instability or underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100