MIND Technology Q3 EPS $(0.27) Misses $(0.20) Estimate, Sales $4.97M Miss $10.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
MIND Technology reported Q3 earnings with a loss of $(0.27) per share, missing the $(0.20) estimate by 35%, and sales of $4.97M, missing the $10.50M estimate by 52.63%. Despite these misses, the reported loss improved by 91.29% and sales increased by 1.84% compared to the same period last year.
December 13, 2023 | 9:23 pm
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NEGATIVE IMPACT
MIND Technology missed Q3 EPS and sales estimates, with a significant 35% miss on EPS and a 52.63% miss on sales forecasts.
Missing both EPS and sales estimates significantly is likely to negatively impact investor sentiment and could lead to a short-term decline in MIND's stock price. The magnitude of the miss on both fronts suggests underlying issues that may concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100