Recap: Harrow Q3 Earnings
Portfolio Pulse from Benzinga Insights
Harrow (NASDAQ:HROW) reported Q3 earnings with an EPS of $-0.09, missing the estimated $0.04 by 325%. Revenue increased by $11.44 million from the same period last year. In the previous quarter, HROW beat EPS estimates but experienced a 15.45% share price drop the following day.
November 13, 2023 | 9:15 pm
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NEGATIVE IMPACT
Harrow's Q3 earnings missed estimates significantly, reporting an EPS of $-0.09 versus the expected $0.04. Despite increased revenue, past performance indicates potential volatility in share price following earnings reports.
Given the significant miss in earnings per share and the historical drop in share price following the last quarter's earnings beat, it is likely that HROW's stock price may experience a short-term decline. The magnitude of the miss suggests a negative investor reaction, although increased revenue may provide some counterbalance to the negative EPS impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100