Intuitive Machines Q3 Sales $12.73M Miss $35.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Intuitive Machines (NASDAQ:LUNR) reported Q3 sales of $12.73M, missing the analyst consensus estimate of $35.50M by 64.14%. Despite the miss, this represents a 23.95% increase over the $10.27M in sales reported in the same period last year.
November 13, 2023 | 12:34 pm
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Intuitive Machines reported lower-than-expected Q3 sales of $12.73M, missing estimates by a significant margin but showing a year-over-year increase.
Missing sales estimates by such a large margin is likely to negatively impact investor confidence and could lead to a short-term decline in LUNR's stock price. However, the year-over-year growth may provide some cushion to the negative impact.
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