Ideanomics Q3 EPS $(5.39), Sales $665.00K Down From $8.22M YoY
Portfolio Pulse from Benzinga Newsdesk
Ideanomics reported a significant quarterly loss of $(5.39) per share with sales of $665.00K, which is a sharp 91.91% decrease from $8.22M in the same quarter last year.
November 21, 2023 | 9:26 pm
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Ideanomics reported a substantial loss in Q3 with earnings per share at $(5.39) and a significant decrease in sales compared to the previous year.
The reported loss per share of $(5.39) and the drastic year-over-year sales decline of 91.91% are strong indicators of poor financial performance, which is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100