Research Solutions Q1 2023 Gaap EPS $(0.04) Misses $(0.03) Estimate, Sales $10.06M Beat $9.88M Estimate
Portfolio Pulse from saritha@benzinga.com
Research Solutions (NASDAQ:RSSS) reported Q1 2023 GAAP EPS of $(0.04), missing the estimate of $(0.03) by 33.33%. This is a 500% decrease from the same period last year. However, the company's quarterly sales of $10.06M beat the estimate of $9.88M by 1.83%, marking a 15.84% increase from the same period last year.
November 09, 2023 | 9:57 pm
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NEUTRAL IMPACT
Research Solutions reported a larger than expected loss for Q1 2023 but exceeded sales estimates. This mixed result could lead to uncertainty in the market.
Research Solutions reported a larger than expected loss for Q1 2023, which could negatively impact the stock price. However, the company also reported higher than expected sales, which could offset some of the negative impact from the earnings miss. The net effect on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100