FiscalNote Holdings Q3 EPS $(0.11) Beats $(0.16) Estimate, Sales $34.01M Miss $34.61M Estimate
Portfolio Pulse from mahesh@benzinga.com
FiscalNote Holdings (NYSE:NOTE) reported Q3 earnings with a loss per share of $(0.11), beating the $(0.16) estimate, marking an 85.33% improvement from last year's $(0.75) loss per share. However, their sales of $34.01M fell short of the expected $34.61M, despite being a 16.99% increase from the previous year.
November 14, 2023 | 12:06 pm
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NEUTRAL IMPACT
FiscalNote Holdings surpassed EPS estimates but missed revenue forecasts in Q3, showing significant year-over-year improvement in losses but slight revenue shortfall.
While FiscalNote Holdings beat EPS estimates, which could be seen as a positive sign of improving financial health, the miss on revenue estimates may temper investor enthusiasm. The mixed results present both positive and negative signals, leading to a neutral short-term impact score. The relevance is high as the news is directly about NOTE, and the importance is significant due to the nature of earnings reports influencing stock performance. The confidence level is high due to the clear data provided, but not at maximum due to the mixed nature of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100