Recap: View Q3 Earnings
Portfolio Pulse from Benzinga Insights
View (NASDAQ:VIEW) reported Q3 earnings with an EPS of $-8.17, missing estimates by 27.46% compared to the expected $-6.41. Despite the miss, revenue increased by $14.46 million year-over-year. In the previous quarter, View beat EPS estimates which led to a 19.51% rise in share price the following day. The company's past earnings performance shows a pattern of missed EPS estimates but varying revenue outcomes.
November 14, 2023 | 9:45 pm
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NEGATIVE IMPACT
View reported lower-than-expected Q3 earnings with an EPS miss of 27.46%, but showed an increase in revenue compared to last year.
The earnings miss is likely to negatively impact investor sentiment in the short term, as historical data suggests that earnings performance can significantly affect stock prices. However, the increase in revenue may provide some cushion to the negative impact. The previous quarter's positive reaction to an earnings beat indicates that the market is responsive to View's earnings reports.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100