Surf Air Mobility Q3 2023 EPS $(1.36) Up From $(1.51) YoY, Revenue $28.9M Misses $29.024M Estimate
Portfolio Pulse from Benzinga Newsdesk
Surf Air Mobility reported a Q3 2023 EPS of $(1.36), an improvement from $(1.51) YoY. However, their revenue of $28.9M fell short of the $29.024M estimate.
November 14, 2023 | 9:24 pm
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NEUTRAL IMPACT
Surf Air Mobility's Q3 2023 EPS improved to $(1.36) from $(1.51) year-over-year, but revenue missed estimates by a narrow margin.
While the improvement in EPS suggests that Surf Air Mobility is reducing losses and potentially moving towards profitability, the revenue miss, albeit small, could be a concern for investors. The mixed results may lead to a neutral short-term impact on the stock price as the market digests both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100