Rubicon Technologies: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Rubicon Technologies (NYSE:RBT) reported its Q3 earnings, beating estimated earnings by 31.45% with an EPS of $-0.85 versus an estimate of $-1.24. However, revenue was down $13.73 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 13.56% drop in the share price the next day.
November 08, 2023 | 9:30 pm
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NEGATIVE IMPACT
Rubicon Technologies beat Q3 earnings estimates but saw a decrease in revenue compared to last year. Previous earnings beat was followed by a drop in share price.
Rubicon Technologies beat earnings estimates, which is generally a positive signal. However, the company's revenue was down compared to the same period last year, which is a negative signal. Additionally, the last time the company beat earnings estimates, the share price dropped significantly the next day. This suggests that despite the earnings beat, investors may not be confident in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100