AYRO Q3 EPS $(2.99) Vs $(1.23) Last Year, Sales $88.39K Miss $130.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
AYRO reported a Q3 EPS of $(2.99), a significant decrease from $(1.23) in the same quarter last year. Sales were $88.39K, which fell short of the estimated $130.00K.
November 20, 2023 | 10:58 pm
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NEGATIVE IMPACT
AYRO's Q3 earnings report showed a larger loss per share and lower sales than expected, which could negatively impact investor sentiment and the stock price in the short term.
The reported earnings show a significant year-over-year decline in EPS and a miss on sales estimates, which are key indicators of a company's financial health. This typically leads to negative investor sentiment and could result in a short-term decline in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100