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, indicating a 70.88% improvement. However, sales declined by 21.70% to $895.00K from $1.14M year-over-year.
November 20, 2023 | 1:35 pm
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NEUTRAL IMPACT
Cuentas Inc. reported a significant reduction in Q3 losses and a decrease in sales compared to the same period last year.
The improvement in earnings could be seen positively by investors as it suggests that the company is moving towards profitability. However, the decline in sales might raise concerns about the company's growth and could offset the positive impact of the reduced losses. The net effect on the stock price is uncertain, hence a neutral score is given.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100