Smith Micro Software Q3 EPS $0.01 Up From $(0.09) YoY, Sales $11.00M Beat $10.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Smith Micro Software (NASDAQ:SMSI) reported Q3 earnings of $0.01 per share, a 111.11% increase YoY. The company's quarterly sales were $11.00 million, beating the analyst consensus estimate of $10.94 million by 0.56%, but representing a 5.97% decrease from the same period last year.
November 08, 2023 | 10:11 pm
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POSITIVE IMPACT
Smith Micro Software reported a significant YoY increase in Q3 earnings per share and beat sales estimates, despite a slight YoY decrease in sales.
The significant YoY increase in earnings per share and the beating of sales estimates are positive signals that could boost investor confidence and potentially drive the stock price up in the short term. However, the YoY decrease in sales might temper this positive impact slightly.
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IMPORTANCE 80
RELEVANCE 100