CORRECTION: Kornit Digital Q3 Adj. EPS $(0.07) Beats $(0.08) Estimate, Sales $59.22M Miss $59.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kornit Digital (NASDAQ:KRNT) reported Q3 adjusted EPS of $(0.07), beating the estimate of $(0.08) by 12.5%. This is a 66.67% increase over losses from the same period last year. However, the company's quarterly sales of $59.22M missed the estimate of $59.91M by 1.15%, marking an 11.33% decrease from last year.
November 08, 2023 | 12:37 pm
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NEUTRAL IMPACT
Kornit Digital's Q3 earnings beat estimates but sales missed, indicating mixed performance.
Kornit Digital's Q3 earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates and decreased from last year, which could negatively impact the stock. The mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100