Alpha Teknova Q3 2023 Gaap EPS $(0.34) Misses $(0.29) Estimate, Sales $8.17M Beat $8.08M Estimate
Portfolio Pulse from saritha@benzinga.com
Alpha Teknova (NASDAQ:TKNO) reported Q3 2023 GAAP EPS of $(0.34), missing the $(0.29) estimate by 17.24%. This is a 61.9% decrease from the same period last year. However, the company's quarterly sales of $8.17M beat the $8.08M estimate by 1.10%, despite being a 23.60% decrease from last year.
November 09, 2023 | 9:10 pm
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NEGATIVE IMPACT
Alpha Teknova's Q3 2023 earnings missed estimates, with a 61.9% decrease in EPS from last year. Sales beat estimates but were down 23.60% from last year.
Alpha Teknova's earnings miss and decrease in EPS from last year could negatively impact investor sentiment and the stock price. However, the sales beat might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100