Genius Sports Q3 EPS $(0.06) Misses $(0.03) Estimate, Sales $101.73M Beat $100.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Genius Sports (NYSE:GENI) reported Q3 EPS of $(0.06), missing the $(0.03) estimate, but sales of $101.73M exceeded the $100.21M estimate. This reflects a 50% increase in losses from the same period last year, but a 29.34% increase in sales.
November 13, 2023 | 12:05 pm
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Genius Sports reported a larger EPS loss than expected at $(0.06) vs. $(0.03) estimate, but surpassed sales estimates with $101.73M in revenue.
The missed EPS estimate is likely to negatively impact investor sentiment in the short term, despite the sales beat. Earnings per share is a critical financial metric that directly affects stock performance, and a miss can lead to a decrease in stock price.
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IMPORTANCE 75
RELEVANCE 100