SKYX Platforms Q3 EPS $(0.08), Inline, Sales $21.60M Miss $22.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
SKYX Platforms (NASDAQ:SKYX) reported Q3 EPS of $(0.08), which was in line with analyst estimates but represented a 14.29% decrease from the previous year. Sales were $21.60M, missing the $22.48M estimate by 3.91%, yet marked a significant increase from $8.56K in the same period last year.
November 13, 2023 | 9:11 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
SKYX Platforms reported Q3 EPS in line with expectations but showed a decrease from last year. Sales increased significantly but fell short of estimates.
While SKYX's EPS met analyst expectations, the decrease from the previous year and the miss on sales estimates could negatively impact investor sentiment in the short term. The substantial year-over-year sales growth may provide some positive sentiment, but the miss on expectations is likely to weigh more heavily on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100