ClearSign Technologies: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
ClearSign Technologies (NASDAQ:CLIR) reported Q3 earnings with an EPS of $-0.03, beating estimates by 25% but with a revenue decrease of $239 thousand from the previous year. Last quarter's EPS miss resulted in an 11.3% share price drop the following day.
November 14, 2023 | 9:50 pm
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ClearSign Technologies reported better-than-expected Q3 EPS but with lower year-over-year revenue. Previous earnings miss had a significant negative impact on stock price.
While CLIR beat EPS estimates, the decrease in revenue and the historical stock price drop following the last earnings miss suggest a mixed reaction in the short term. The positive EPS surprise may be offset by concerns over declining revenue.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100