Recap: CION Invt Q3 Earnings
Portfolio Pulse from Benzinga Insights
CION Invt (NYSE:CION) reported its Q3 earnings, beating estimated earnings by 41.03% with an EPS of $0.55 versus an estimate of $0.39. Revenue was up $13.38 million from the same period last year. Last quarter, the company missed on EPS by $0.02, which was followed by a 1.92% increase in the share price the next day.
November 09, 2023 | 11:15 am
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CION Invt's Q3 earnings beat estimates by 41.03%, with an EPS of $0.55. This positive earnings report could lead to a short-term increase in the stock price.
CION Invt's earnings beat estimates significantly, which is typically seen as a positive sign by investors and can lead to an increase in the stock price. Additionally, the company's revenue was up from the same period last year, indicating growth.
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IMPORTANCE 80
RELEVANCE 100