Recap: VOXX International Q3 Earnings
Portfolio Pulse from Benzinga Insights
VOXX International (NASDAQ:VOXX) reported Q3 earnings with an EPS of $0.08, surpassing the estimated $-0.1, a 180% beat. However, revenue declined by $7.79 million compared to the same period last year. Despite missing EPS estimates last quarter, VOXX's share price increased by 21.05% the following day. The company's past earnings performance shows variability in meeting EPS estimates and fluctuating revenues.
January 09, 2024 | 9:10 pm
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VOXX International reported a significant earnings beat for Q3, with an EPS of $0.08 against an expected $-0.1. However, revenues fell compared to the previous year.
The substantial beat on earnings estimates is likely to have a positive impact on VOXX's stock price in the short term, as seen by the 21.05% increase in share price after the last earnings miss. However, the decline in revenue could temper some of the investor enthusiasm, suggesting a mixed but overall positive short-term impact.
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