SWK Holdings Q3 Adj EPS $0.38 Beats $0.34 Estimate, Sales $8.96M Miss $9.30M Estimate
Portfolio Pulse from bharat@benzinga.com
SWK Holdings (NASDAQ:SWKH) reported Q3 earnings of $0.38 per share, beating the analyst consensus estimate of $0.34 by 11.76%. However, this is a 40.63% decrease from the same period last year. The company's quarterly sales were $8.96 million, missing the analyst consensus estimate of $9.30 million by 3.63%, and marking a 34.17% decrease from the same period last year.
November 09, 2023 | 12:35 pm
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SWK Holdings reported better than expected Q3 earnings but lower YoY. Sales missed estimates and were lower YoY.
While SWK Holdings beat Q3 earnings estimates, the YoY decrease in both earnings and sales, as well as the missed sales estimates, could negatively impact investor sentiment and the stock price in the short term.
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