Cyngn Q3 EPS $(0.14) Beats $(0.16) Estimate, Sales $25.21K Miss $520.00K Estimate
Portfolio Pulse from bharat@benzinga.com
Cyngn (NASDAQ:CYN) reported Q3 losses of $(0.14) per share, beating the analyst consensus estimate of $(0.16) by 12.5%. However, the company's quarterly sales of $25.21K missed the analyst consensus estimate of $520.00K by 95.15%.
November 08, 2023 | 10:06 pm
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NEGATIVE IMPACT
Cyngn's Q3 earnings beat estimates but sales significantly missed expectations.
While Cyngn beat earnings estimates, the significant miss on sales could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100