Ondas Holdings Q3 GAAP EPS $(0.15) Beats $(0.17) Estimate, Sales $2.67M Miss $3.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ondas Holdings (NASDAQ:ONDS) reported Q3 GAAP EPS of $(0.15), surpassing the $(0.17) estimate, marking an improvement from the previous year's $(0.32) per share. However, sales of $2.67M fell short of the expected $3.08M, despite being a significant increase from the $632.49K reported in the same period last year.
November 14, 2023 | 12:34 pm
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Ondas Holdings reported better-than-expected Q3 EPS but missed revenue estimates, showing both positive and negative signals for investors.
The EPS beat may provide a positive short-term sentiment boost, as it shows an improvement over last year's performance. However, the revenue miss could raise concerns about growth and sales execution, potentially offsetting the positive EPS impact.
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