NextNav Q3 EPS $(0.21) Misses $(0.13) Estimate, Sales $1.03M Miss $1.03M Estimate
Portfolio Pulse from bharat@benzinga.com
NextNav (NASDAQ:NN) reported Q3 losses of $(0.21) per share, missing the analyst consensus estimate of $(0.13) by 61.54%. This is a 16.67% decrease over losses from the same period last year. The company also reported quarterly sales of $1.03 million, missing the analyst consensus estimate by 0.29%. However, this is a 104.17% increase over sales from the same period last year.
November 08, 2023 | 10:17 pm
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NEGATIVE IMPACT
NextNav's Q3 earnings missed estimates with a 61.54% larger loss than expected and a slight miss on sales. However, sales have more than doubled YoY.
NextNav's Q3 earnings report shows a larger than expected loss and a slight miss on sales, which could negatively impact investor sentiment and the stock price in the short term. However, the significant YoY increase in sales could mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100