WidePoint Q3 EPS $(0.10) Down From $(0.06) YoY, Sales $25.73M Up From $25.27M YoY
Portfolio Pulse from Benzinga Newsdesk
WidePoint Corporation reported a larger Q3 loss of $(0.10) per share compared to $(0.06) YoY, despite a slight increase in sales to $25.73M from $25.27M YoY.
November 14, 2023 | 10:02 pm
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WidePoint's Q3 earnings report showed a larger loss per share but a slight increase in sales compared to the same period last year.
The reported increase in losses per share is likely to negatively impact investor sentiment in the short term, despite the small increase in sales. Investors typically react unfavorably to widening losses, which can lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100