Snail Q3 EPS $(0.12), Inline, Sales $8.98M Down From $15.60M YoY
Portfolio Pulse from Benzinga Newsdesk
Snail (NASDAQ:SNAL) reported Q3 EPS of $(0.12), which was in line with analyst estimates but marked a 200% increase in losses from $(0.04) per share in the same quarter last year. Sales for the quarter were $8.98M, a 42.43% decrease from $15.60M in the same period last year.
November 14, 2023 | 10:06 pm
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NEGATIVE IMPACT
Snail's Q3 earnings report showed no surprise in EPS, meeting analyst expectations, but revealed a significant increase in losses and a sharp decline in sales compared to last year.
The reported increase in losses and significant decrease in sales year-over-year are likely to negatively impact investor sentiment and could lead to a short-term decline in Snail's stock price. The EPS meeting estimates may not be enough to counteract the negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100