Mondee Hldgs: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Mondee Hldgs (NASDAQ:MOND) reported Q3 earnings with an EPS of $-0.1, beating estimates by 9.09% compared to the expected $-0.11. Revenue increased by $15.07 million from the same period last year. Despite beating EPS estimates last quarter, the share price dropped by 1.64% the following day. The company's past earnings performance shows a consistent trend of surpassing EPS estimates.
November 14, 2023 | 12:15 pm
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Mondee Hldgs reported better-than-expected Q3 earnings with an EPS of $-0.1 and a significant year-over-year revenue increase. Historical data shows a share price drop after last quarter's earnings beat.
While Mondee Hldgs beat earnings estimates, which could be seen as positive, the historical share price reaction to a previous earnings beat was negative. This mixed signal suggests a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100