Recap: Dyadic International Q3 Earnings
Portfolio Pulse from Benzinga Insights
Dyadic International (NASDAQ:DYAI) reported its Q3 earnings, beating estimated earnings by 14.29% with an EPS of $-0.06 versus an estimate of $-0.07. However, revenue was down $482 thousand from the same period last year. Last quarter, the company missed on EPS by $0.02, which was followed by a 10.0% increase in the share price the next day.
November 08, 2023 | 9:25 pm
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Dyadic International's Q3 earnings beat estimates, but revenue was down from last year. Despite missing EPS last quarter, the share price increased by 10% the following day.
Dyadic International beat earnings estimates, which is generally a positive signal for investors. However, the decrease in revenue compared to the same period last year might be a concern. The company's stock price increased by 10% the day after missing EPS last quarter, indicating that investors may have different expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100