Smart Share Glb: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Smart Share Glb (NASDAQ:EM) reported Q3 earnings with an EPS of $0.03, missing estimates by 70% against the expected $0.1. Revenue also declined by $30.48 million compared to the same period last year. The company's stock price dropped by 0.54% the day after missing Q2 EPS estimates.

November 27, 2023 | 11:40 am
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Smart Share Glb reported disappointing Q3 earnings with a significant miss on EPS and a decrease in revenue year-over-year, which may negatively impact the stock price in the short term.
Historically, stocks tend to react negatively to earnings misses. Smart Share Glb's significant miss on EPS and the decline in revenue compared to the previous year are likely to lead to a negative investor sentiment and a potential decrease in stock price in the short term, as evidenced by the 0.54% drop after the last earnings miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100