Sarcos Technology Q3 2023 Adj EPS $(0.66) Misses $(0.59) Estimate, Sales $1.83M Beat $1.20M Estimate
Portfolio Pulse from vinayak@benzinga.com
Sarcos Technology (NASDAQ:STRC) reported Q3 2023 earnings with an adjusted EPS of $(0.66), missing the $(0.59) estimate by 11.86%. However, sales of $1.83M exceeded the $1.20M estimate by 52.25%, despite being a 60.85% decrease from the same period last year.
November 14, 2023 | 9:35 pm
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NEUTRAL IMPACT
Sarcos Technology's Q3 2023 earnings missed EPS estimates but beat sales forecasts, indicating mixed financial performance.
The EPS miss may concern investors about profitability, but the sales beat could suggest growing market demand. The mixed results create uncertainty, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100