What's Going On With Sigma Additive Solutions Stock Today
Portfolio Pulse from Ryan Gustafson
Sigma Additive Solutions, Inc. (NASDAQ:SASI) stock fell sharply after reporting Q3 earnings. Despite a smaller loss per share than expected ($1.57 vs. $1.80 consensus), sales were significantly below expectations at $141,990 compared to the anticipated $560,000. This represents a 24.57% decrease from the previous year's sales. The stock experienced moderate fluctuations post-earnings before dropping over 33% on Thursday.
November 16, 2023 | 8:06 pm
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NEGATIVE IMPACT
Sigma Additive Solutions' stock price dropped significantly due to lower-than-expected sales reported in their Q3 earnings, despite a smaller loss per share than analysts predicted.
The sharp decline in SASI's stock price is likely due to the disappointing sales figures reported for Q3, which were well below analyst expectations. Although the loss per share was less than anticipated, the significant miss on revenue is a major concern for investors, leading to a negative short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100