NextNav Q3 EPS $(0.21) Misses $(0.13) Estimate, Sales $1.027M Misses $1.03 Estimate
Portfolio Pulse from Benzinga Newsdesk
NextNav (NASDAQ:NN) reported Q3 losses of $(0.21) per share, missing the analyst consensus estimate of $(0.13) by 61.54 percent. This is a 16.67 percent decrease over losses from the same period last year. The company's quarterly sales of $1.03 million met the analyst consensus estimate, marking a 104.17 percent increase over sales from the same period last year.
November 08, 2023 | 10:13 pm
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NEGATIVE IMPACT
NextNav's Q3 earnings per share missed estimates by 61.54%, while sales were in line with expectations. This could potentially impact the company's stock price.
NextNav's Q3 earnings per share missed the analyst consensus estimate by a significant margin, which could negatively impact investor sentiment and lead to a decrease in the company's stock price. However, the company's sales were in line with estimates, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100