Luna Innovations: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Luna Innovations (NASDAQ:LUNA) reported Q3 earnings with an EPS of $0.07, meeting estimates, and revenue up $1.55 million year-over-year. Last quarter's EPS miss resulted in a 10.8% share price drop the following day. Historical earnings and revenue figures are provided for context.
November 14, 2023 | 12:40 pm
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Luna Innovations reported Q3 earnings with an EPS of $0.07, in line with estimates, and a revenue increase from the previous year. Historical performance shows sensitivity to earnings reports.
Luna Innovations' Q3 earnings met analyst expectations, which typically stabilizes the stock price. However, given the stock's previous negative reaction to an earnings miss, investors may remain cautious. The year-over-year revenue increase is positive, but since the EPS was as expected, the short-term impact is likely neutral.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100