Beyond Air Q2 EPS $(0.51) Misses $(0.47) Estimate, Sales $239.00K Miss $480.00K Estimate
Portfolio Pulse from bharat@benzinga.com
Beyond Air (NASDAQ:XAIR) reported Q2 earnings with an EPS of $(0.51), missing the $(0.47) estimate, and sales of $239.00K, falling short of the $480.00K estimate. The EPS represents a 27.5% decrease from the same period last year.
November 13, 2023 | 9:09 pm
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NEGATIVE IMPACT
Beyond Air's Q2 earnings report showed a larger loss per share and a significant sales miss compared to analyst expectations, indicating potential negative sentiment in the short term.
Missing both EPS and sales estimates can lead to negative investor sentiment and a potential decrease in stock price. The significant miss in sales and the year-over-year decrease in EPS are particularly concerning, suggesting that the company is not only underperforming relative to expectations but also relative to its past performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100