Recap: First Advantage Q3 Earnings
Portfolio Pulse from Benzinga Insights
First Advantage (NASDAQ:FA) reported Q3 earnings in line with estimates at $0.28 per share. However, revenue was down $5.62 million from the same period last year. Last quarter, the company beat EPS estimates by $0.01, which was followed by a 1.48% drop in the share price the next day.
November 09, 2023 | 11:05 am
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First Advantage's Q3 earnings were in line with estimates, but revenue was down from last year. The company's stock price may be affected, as it dropped after last quarter's earnings beat.
First Advantage's earnings were as expected, which typically doesn't cause a significant change in stock price. However, the decrease in revenue compared to last year could negatively impact investor sentiment. Additionally, the company's stock price dropped after last quarter's earnings beat, which could indicate a pattern if the same happens this quarter.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100