Arbe Robotics Q3 Adj. EPS $(0.12) Beats $(0.16) Estimate, Sales $479.00K Miss $740.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Arbe Robotics reported Q3 adjusted EPS of $(0.12), beating the estimate of $(0.16) by 25%. However, the company's sales of $479.00K missed the estimate of $740.00K by 35.27%. This represents a 9.09% decrease in EPS and a 61.86% decrease in sales compared to the same period last year.
November 08, 2023 | 12:31 pm
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Arbe Robotics' Q3 earnings beat estimates but sales missed, indicating mixed financial performance.
Arbe Robotics' EPS beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The decrease in both EPS and sales compared to the same period last year also indicates potential financial challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100