Digital Ally Q3 EPS $(1.32) Beats $(2.24) Estimate, Sales $6.34M Miss $8.65M Estimate
Portfolio Pulse from Benzinga Newsdesk
Digital Ally (NASDAQ:DGLY) reported Q3 earnings with a loss of $1.32 per share, outperforming the consensus estimate of a $2.24 loss. However, the company's sales of $6.34M fell short of the expected $8.65M, marking a 25.31% decrease from the previous year's sales.
November 15, 2023 | 12:36 pm
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NEUTRAL IMPACT
Digital Ally reported better-than-expected Q3 EPS but missed on revenue estimates, with a significant year-over-year decline in sales.
While the EPS beat may be viewed positively, the miss on revenue estimates and the year-over-year sales decline could concern investors. The mixed results may lead to neutral short-term stock price movement as the market digests both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100