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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100