Genelux Q3 EPS $(0.20) Misses $(0.18) Estimate
Portfolio Pulse from Benzinga Newsdesk
Genelux Corporation (NASDAQ:GNLX) reported a Q3 EPS loss of $(0.20), missing the consensus estimate of $(0.18) by 11.11%. This represents a significant decrease from the earnings of $0.49 per share in the same quarter of the previous year.
November 14, 2023 | 10:59 pm
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NEGATIVE IMPACT
Genelux reported a larger than expected loss per share in Q3, missing analyst estimates and showing a substantial decrease from the previous year's earnings.
The reported earnings miss is likely to negatively impact investor sentiment in the short term, as the loss was not only larger than expected but also represents a significant decline from the prior year's earnings. This could lead to a decrease in stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100