Mondee Hldgs Q3 Adj. EPS $(0.10) Beats $(0.11) Estimate, Sales $54.53M Miss $65.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mondee Holdings (MOND) reported Q3 adjusted EPS of $(0.10), slightly better than the $(0.11) estimate, but experienced a 25% decrease from the previous year's $(0.08) per share. Sales for the quarter were $54.53M, missing the $65.25M estimate by 16.43%, despite being a 34.60% increase from the same period last year.
November 14, 2023 | 12:10 pm
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Mondee Holdings reported a mixed Q3 with an EPS beat but a significant miss on sales estimates, showing both a decrease in EPS and a miss in revenue growth compared to last year.
The EPS beat may provide some positive sentiment, but the significant miss on sales estimates and the year-over-year decrease in EPS are likely to concern investors, potentially leading to a negative short-term impact on MOND's stock price.
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