Recap: MIND Technology Q3 Earnings
Portfolio Pulse from Benzinga Insights
MIND Technology (NASDAQ:MIND) reported Q3 earnings with an EPS of $-0.27, missing estimates by 35.0% against the expected $-0.2. Revenue increased by $90 thousand compared to the same period last year. Despite missing EPS last quarter, the share price increased by 1.29% the following day.
December 13, 2023 | 9:25 pm
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MIND Technology reported lower-than-expected Q3 earnings with an EPS miss of 35%, but showed a revenue increase from the previous year.
The earnings miss is likely to negatively impact investor sentiment in the short term, as expectations were not met. However, the increase in revenue could provide some cushion to the negative impact. Historical data shows that last quarter's miss was followed by a slight increase in share price, which may suggest that the market reaction could be muted.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100