Phunware Q3 Adj EPS $(0.05), Inline, Sales $2.79M Miss $3.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Phunware reported Q3 losses of $(0.05) per share, in line with analyst consensus. However, the company's quarterly sales of $2.79 million missed the analyst consensus estimate of $3.73 million by 25.15 percent. This represents a 41.32 percent decrease over sales of $4.76 million the same period last year.
November 09, 2023 | 10:16 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Phunware's Q3 earnings were in line with estimates, but sales missed expectations and were down significantly YoY.
Phunware's Q3 earnings were in line with estimates, which is positive. However, the company's sales missed expectations by a significant margin and were down 41.32% compared to the same period last year. This could negatively impact investor sentiment and put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100