Intellinetics Q3 EPS $0.05, Same YoY, Sales $4.25M Miss $4.30M Estimate
Portfolio Pulse from bharat@benzinga.com
Intellinetics (AMEX:INLX) reported Q3 earnings of $0.05 per share, consistent with the previous year, but missed sales estimates with $4.25M versus the expected $4.30M. Sales increased by 10.05% compared to the same period last year.
November 14, 2023 | 9:35 pm
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NEUTRAL IMPACT
Intellinetics reported stable Q3 earnings per share at $0.05, but a slight miss in sales estimates could concern investors. The 10.05% year-over-year sales growth is positive.
While Intellinetics matched its earnings per share from the same quarter last year, the slight miss in sales estimates could be seen as a negative by investors. However, the significant year-over-year sales growth may offset concerns and suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100