Ooma Q3 Adj $0.15, Inline, Sales $59.90M Miss $60.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ooma, Inc. (NYSE: OOMA) reported Q3 adjusted earnings of $0.15 per share, meeting analyst estimates, and marking a 7.14% increase from the previous year. However, sales of $59.90M fell short of the expected $60.78M, a slight miss of 1.45%, but still a 5.68% increase year-over-year.
December 05, 2023 | 9:17 pm
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NEUTRAL IMPACT
Ooma reported Q3 earnings in line with estimates at $0.15/share, a 7.14% YOY increase, but missed revenue estimates by 1.45%, reporting $59.90M against an expected $60.78M.
Meeting earnings estimates typically has a neutral to positive effect on stock price, as it shows the company is performing as expected. However, missing revenue estimates, even slightly, can be a negative signal to investors concerned about growth prospects. The mixed results may lead to a neutral short-term impact, as the positive earnings performance could offset concerns about the slight revenue miss.
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