AEye: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
AEye (NASDAQ:LIDR) reported its Q3 earnings, beating estimated earnings by 16.67% with an EPS of $-0.05 versus an estimate of $-0.06. However, revenue was down $579 thousand from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 5.64% drop in the share price the next day.
November 09, 2023 | 9:15 pm
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AEye's Q3 earnings beat estimates but saw a decrease in revenue compared to last year. The previous quarter's earnings beat was followed by a drop in share price.
AEye's earnings beat could be seen as a positive sign, but the decrease in revenue and the historical trend of share price dropping after an earnings beat could potentially offset any positive impact. Therefore, the short-term impact on the stock price is uncertain.
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