Recap: Aurora Innovation Q4 Earnings
Portfolio Pulse from Benzinga Insights
Aurora Innovation (NASDAQ:AUR) reported Q4 earnings, beating estimated earnings by 13.33% with an EPS of $-0.13 versus an estimate of $-0.15. However, revenue was down $2.00 million from the same period last year. In the previous quarter, beating EPS estimates led to a 6.08% increase in share price the following day.
February 14, 2024 | 9:35 pm
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Aurora Innovation beat Q4 earnings estimates but reported a decrease in revenue compared to last year. Previous earnings beat led to a stock price increase.
Beating earnings estimates typically has a positive impact on stock prices, as seen in the previous quarter with a 6.08% increase. However, the decrease in revenue could temper investor enthusiasm, making the overall short-term impact likely positive but with caution.
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