Boxlight: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Boxlight (NASDAQ:BOXL) reported its Q3 earnings, missing estimated earnings by 250.0% with an EPS of $-0.51 versus an estimate of $0.34. Revenue was down $19.07 million from the same period last year. Last quarter, the company beat on EPS by $0.07, which was followed by a 2.68% drop in the share price the next day.
November 08, 2023 | 9:20 pm
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NEGATIVE IMPACT
Boxlight's Q3 earnings significantly missed estimates, which could negatively impact the stock price in the short term.
Boxlight's Q3 earnings missed estimates by a significant margin, which is typically seen as a negative signal by investors and could lead to a decrease in the stock price. Additionally, the company's revenue was down from the same period last year, further contributing to potential negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100