Agora Q3 Net Loss Per ADS $(0.23), Sales $35.02M Miss $40.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Agora (NASDAQ:API) reported a Q3 net loss of $(0.23) per ADS and sales of $35.02M, which fell short of the analyst consensus estimate of $40.17M by 12.83%. This represents a 14.57% decrease in sales compared to the same period last year.
November 21, 2023 | 10:03 pm
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Agora reported a Q3 net loss per ADS of $(0.23) and a sales miss, with revenue falling short of estimates by 12.83% and declining 14.57% year-over-year.
The reported net loss and sales miss are likely to negatively impact investor sentiment and the stock price of Agora in the short term. The miss on both the top and bottom lines, coupled with a significant year-over-year decline in sales, suggests underperformance that could lead to bearish market reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100