Presto Automation Q1 EPS $0.08, Sales $4.88M Down From $7.78M YoY
Portfolio Pulse from Benzinga Newsdesk
Presto Automation (NASDAQ:PRST) reported a decrease in Q1 sales to $4.88M, down 37.20% from $7.78M YoY, with earnings of $0.08 per share.
November 20, 2023 | 9:24 pm
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Presto Automation reported a significant year-over-year decline in sales for Q1, although it still earned $0.08 per share.
The substantial decrease in sales is likely to concern investors and could negatively impact the stock price in the short term. Earnings per share may provide some cushion, but the decline in revenue is typically a bearish signal.
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