WM Tech Q3 2023 EPS $(0.02) Beats $(0.03) Estimate, Sales $47.73M Beat $47.20M Estimate
Portfolio Pulse from totan@benzinga.com
WM Tech (NASDAQ:MAPS) reported Q3 2023 earnings per share (EPS) of $(0.02), beating the analyst consensus estimate of $(0.03) by 33.33%. This is a 66.67% increase over losses from the same period last year. The company also reported quarterly sales of $47.73M, beating the analyst consensus estimate of $47.20M by 1.11%. However, this is a 5.50% decrease over sales from the same period last year.
November 08, 2023 | 10:02 pm
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WM Tech's Q3 2023 earnings beat estimates, with EPS of $(0.02) and sales of $47.73M. However, sales are down 5.50% YoY.
WM Tech's earnings beat estimates, which is generally positive for the stock. However, the decrease in sales compared to the same period last year could be a concern for investors, potentially offsetting the positive impact of the earnings beat. Therefore, the short-term impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100