Splash Beverage Group Q3 EPS $(0.13) Misses $(0.11) Estimate, Sales $5.10M Miss $7.92M Estimate
Portfolio Pulse from Benzinga Newsdesk
Splash Beverage Group (AMEX:SBEV) reported Q3 earnings with a loss of $(0.13) per share, missing the $(0.11) estimate, and sales of $5.10M, falling short of the $7.92M estimate. Despite these misses, there was a slight increase in losses and sales compared to the same period last year.
November 15, 2023 | 7:52 am
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Splash Beverage Group's Q3 earnings report showed a larger loss per share and lower sales than expected, which could negatively impact investor sentiment and the stock price in the short term.
Missing both earnings and sales estimates can lead to a negative investor reaction, as it indicates the company is underperforming compared to market expectations. This underperformance, especially when it's by a significant margin, is likely to result in a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100