Inuvo Q4 2023 GAAP EPS $(0.020) Misses $(0.010) Estimate, Sales $20.842M Miss $23.730M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inuvo reported Q4 2023 GAAP EPS of $(0.020), missing the $(0.010) estimate, with sales of $20.842M also missing the $23.730M estimate. This represents a 20.68% increase in sales compared to the same period last year.
February 29, 2024 | 9:17 pm
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NEGATIVE IMPACT
Inuvo's Q4 2023 earnings missed estimates with an EPS of $(0.020) and sales of $20.842M, below the expected $23.730M.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The significant miss in both key financial metrics, despite a year-over-year sales increase, indicates underperformance against market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100