RF Industries Q4 2023 GAAP EPS $(0.01) Beats $(0.10) Estimate, Sales $15.90M Miss $16.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
RF Industries (NASDAQ:RFIL) reported Q4 2023 earnings with a GAAP EPS loss of $(0.01), outperforming the $(0.10) estimate by 90%. However, the company's sales of $15.90M fell short of the $16.70M estimate by 4.82% and marked a 30.84% decrease from the same period last year.
January 23, 2024 | 9:14 pm
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RF Industries reported better-than-expected Q4 2023 EPS but missed revenue estimates and saw a significant year-over-year decline in sales.
While RF Industries beat EPS estimates, the miss on revenue and the substantial year-over-year sales decline could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100