POET Technologies Q3 EPS $(0.13) Misses $(0.10) Estimate
Portfolio Pulse from Benzinga Newsdesk
POET Technologies (NASDAQ:POET) reported a Q3 EPS loss of $(0.13), missing the consensus estimate of $(0.10) by 30%. This represents an 18.18% increase in losses compared to $(0.11) per share in the same quarter last year.
November 14, 2023 | 11:01 pm
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POET Technologies reported a larger Q3 loss than expected, which could negatively impact investor sentiment and the stock price in the short term.
Earnings misses typically result in negative investor sentiment and can lead to a decrease in stock price as market expectations are not met. POET's miss by 30% is significant and indicates a larger-than-expected loss, which is likely to be taken negatively by the market.
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