Danimer Scientific Q3 EPS $(0.39) Vs $(0.94) Last Year, Sales $10.95M Miss $14.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Danimer Scientific (NYSE:DNMR) reported a Q3 EPS loss of $(0.39), an improvement from $(0.94) last year, but missed sales estimates with $10.95M compared to the expected $14.74M. Sales increased by 4.79% from the same period last year.
November 14, 2023 | 9:03 pm
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Danimer Scientific's Q3 EPS loss improved year-over-year, but the company missed revenue estimates, which could negatively impact investor sentiment.
Despite the improvement in EPS loss, missing revenue estimates by a significant margin of 25.73% is likely to be viewed negatively by investors, potentially leading to a short-term decline in DNMR's stock price.
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