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 represents a 16.67 percent decrease over losses of $(0.18) per share from the same period last year. Sales were $1.027M, slightly below the $1.03M estimate.
November 08, 2023 | 10:14 pm
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NEGATIVE IMPACT
NextNav's Q3 earnings missed estimates, with EPS of $(0.21) and sales of $1.027M. This could negatively impact investor sentiment.
NextNav's Q3 earnings fell short of analyst estimates, both in terms of EPS and sales. This underperformance could lead to a negative reaction from the market, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100