Cuentas Q3 EPS $(0.53) Up From $(1.82) YoY, Sales $895.00K Down From $1.14M YoY
Portfolio Pulse from Benzinga Newsdesk
Cuentas Inc. (NASDAQ:CUEN) reported a narrower Q3 loss of $(0.53) per share compared to $(1.82) per share in the same quarter last year. However, sales declined to $895.00K from $1.14M year-over-year.
November 20, 2023 | 1:34 pm
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NEUTRAL IMPACT
Cuentas Inc. reported a significant improvement in Q3 EPS, but a decrease in sales compared to the same period last year.
The improvement in EPS may be viewed positively by investors as it indicates a reduction in losses and potential progress towards profitability. However, the decline in sales suggests that the company is facing challenges in growing or maintaining its revenue, which could offset the positive impact of the improved EPS. The mixed results present uncertainty, which is why a neutral score is given.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100