KNOT Offshore Partners Q3 2023 Revenue $72.683 Misses $72.730M Estimate
Portfolio Pulse from Benzinga Newsdesk
KNOT Offshore Partners reported Q3 2023 revenue of $72.683 million, slightly missing the estimated revenue of $72.730 million.
December 13, 2023 | 9:19 pm
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NEGATIVE IMPACT
KNOT Offshore Partners' Q3 2023 revenue was $72.683 million, narrowly missing the analysts' expectations by $47,000.
Missing revenue estimates, even by a small margin, can often be perceived negatively by the market and may lead to a short-term decline in stock price. However, the miss was very marginal, which may limit the negative impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100