FingerMotion Q3 EPS $(0.04) Up From $(0.06) YoY, Sales $6.14M Down From $11.40M YoY
Portfolio Pulse from Benzinga Newsdesk
FingerMotion (NASDAQ:FNGR) reported a narrower Q3 loss of $(0.04) per share compared to $(0.06) YoY, but sales declined to $6.14M from $11.40M YoY, indicating a 46.15% decrease.
January 16, 2024 | 1:55 pm
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NEGATIVE IMPACT
FingerMotion reported improved Q3 EPS at $(0.04) from $(0.06) YoY, but a significant sales decline to $6.14M from $11.40M YoY.
While the improvement in EPS might be seen as a positive development, the substantial decrease in sales is likely to concern investors and could negatively impact the stock price in the short term. The magnitude of the sales decline suggests underlying issues that may overshadow the improved earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100