AEye Q3 2023 Adj EPS $(0.05) Beats $(0.06) Estimate, Sales $188.00K Miss $600.00K Estimate
Portfolio Pulse from totan@benzinga.com
AEye (NASDAQ:LIDR) reported Q3 2023 earnings with losses of $(0.05) per share, beating the analyst consensus estimate of $(0.06) by 16.67%. However, the company's quarterly sales of $188.00K missed the analyst consensus estimate of $600.00K by 68.67%. This represents a 75.49% decrease in sales compared to the same period last year.
November 09, 2023 | 9:11 pm
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AEye's Q3 2023 earnings beat estimates but sales significantly missed estimates and decreased 75.49% YoY. This mixed result could lead to uncertainty in the market.
AEye's earnings beat estimates, which is a positive signal for investors. However, the significant miss on sales and the large YoY decrease could negatively impact investor sentiment. The mixed results could lead to uncertainty and volatility in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100