Transact Technologies: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Transact Technologies (NASDAQ:TACT) reported Q3 earnings, beating estimated earnings by 1000.0% with an EPS of $0.09 versus an estimate of $-0.01. However, revenue was down $666 thousand from the same period last year. Last quarter, a beat on EPS was followed by a 9.53% drop in the share price the next day.
November 09, 2023 | 9:15 pm
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Transact Technologies beat Q3 earnings estimates significantly, but saw a decrease in revenue compared to the same period last year. Last quarter, a similar earnings beat was followed by a drop in share price.
While the significant beat on earnings estimates is a positive sign, the decrease in revenue and the historical context of a share price drop following a previous earnings beat introduce uncertainty about the short-term price direction.
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RELEVANCE 100