Edgio Q3 EPS $(0.07), Inline, Sales $97.04M Beat $96.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Edgio (NASDAQ:EGIO) reported Q3 EPS of $(0.07), which was in line with analyst estimates, and sales of $97.04M, slightly beating the $96.28M estimate. However, this represents a 19.90% decrease in sales compared to the same period last year.
November 15, 2023 | 7:54 am
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Edgio's Q3 EPS matched expectations, and a slight sales beat may be viewed positively, but the significant year-over-year sales decline could concern investors.
While Edgio's earnings per share were in line with expectations and sales exceeded estimates, the substantial decrease in sales from the previous year may overshadow the positive aspects of the report. Investors might have mixed reactions, balancing the earnings performance with concerns about the sales decline.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100