Alpha Teknova: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Alpha Teknova (NASDAQ:TKNO) reported Q3 earnings, missing estimated earnings by 17.24% with an EPS of $-0.34 versus an estimate of $-0.29. Revenue was down $2.52 million from the same period last year. Last quarter, the company beat EPS estimates which led to a 2.14% increase in the share price the next day.
November 09, 2023 | 9:15 pm
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NEGATIVE IMPACT
Alpha Teknova's Q3 earnings missed estimates by 17.24%, and revenue was down $2.52 million YoY. However, the company's past performance shows a share price increase following an EPS beat.
Alpha Teknova's missed earnings and decreased revenue could negatively impact the company's share price in the short term. However, the company's history of share price increases following EPS beats could indicate potential for recovery.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100