Society Pass Q3 Sales $2.27M Miss $2.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Society Pass (NASDAQ:SOPA) reported Q3 sales of $2.27 million, missing the analyst consensus estimate of $2.63 million by 13.72%. However, this represents a 10.67% increase over the $2.05 million in sales reported in the same period last year.
November 15, 2023 | 1:20 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Society Pass reported lower-than-expected Q3 sales, missing estimates by 13.72%, but showed a year-over-year increase in sales.
Missing the revenue estimate is likely to negatively impact investor sentiment in the short term, despite the year-over-year growth. The miss could lead to a decrease in stock price as it may cause concerns about the company's growth trajectory and profitability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100