Fluent Q3 Adj EPS $(0.05) Misses $(0.03) Estimate, Sales $66.24M Miss $79.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fluent, Inc. (NASDAQ:FLNT) reported a Q3 adjusted EPS loss of $(0.05), missing the $(0.03) estimate, and sales of $66.24M, falling short of the $79.99M estimate. This represents a 183.33% decrease in EPS and a 25.61% decrease in sales compared to the same period last year.
November 14, 2023 | 9:18 pm
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NEGATIVE IMPACT
Fluent, Inc. (FLNT) reported a larger-than-expected loss and a significant decrease in sales for Q3, missing both EPS and revenue estimates.
The reported earnings miss and significant sales decline are likely to negatively impact investor sentiment and the stock price of Fluent in the short term. The magnitude of the miss and the comparison to last year's performance suggest underlying business challenges that may concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100