UPDATE: Sigma Additive Solutions Q3 EPS $(1.57) Beats $(1.80) Estimate, Sales $141.99K Miss $560.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Sigma Additive Solutions (NASDAQ:SASI) reported Q3 earnings with a loss of $(1.57) per share, surpassing the $(1.80) estimate, marking a 64.32% improvement from last year's $(4.40) per share. However, sales of $141.99K fell short of the $560.00K estimate, a 74.64% miss and a 24.57% decline from the previous year's $188.25K.
November 13, 2023 | 10:28 pm
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NEGATIVE IMPACT
Sigma Additive Solutions reported better-than-expected Q3 EPS but significantly missed sales estimates, with a notable year-over-year decline.
While the EPS beat may provide some positive sentiment, the substantial miss on sales estimates and the year-over-year decline in revenue are likely to have a more significant negative impact on investor confidence and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100