Motus GI Hldgs Q3 EPS $(4.28), Sales $86.00K Miss $120.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Motus GI Holdings (MOTS) reported a Q3 loss of $(4.28) per share and sales of $86.00K, missing the consensus estimate of $120.00K by 28.33%. Sales decreased by 69.06% compared to the same period last year.
November 13, 2023 | 10:22 pm
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NEGATIVE IMPACT
Motus GI Holdings reported significant Q3 losses and a substantial miss in sales estimates, indicating potential concerns over the company's performance.
The reported earnings miss and significant year-over-year sales decline are likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the downward trend in sales could raise concerns about the company's growth prospects and financial health.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100