Origin Mat Q4 2023 GAAP EPS $(0.070) Beats $(0.140) Estimate, Sales $13.063M Beat $12.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Origin Mat (NASDAQ:ORGN) reported Q4 2023 GAAP EPS of $(0.070), surpassing the $(0.140) estimate, and sales of $13.063M, exceeding the $12.000M estimate. This represents a 163.64% decrease in earnings per share compared to the same period last year.
February 29, 2024 | 9:30 pm
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Origin Mat reported a Q4 2023 GAAP EPS of $(0.070), beating estimates, with sales of $13.063M also surpassing expectations.
Beating both EPS and sales estimates typically generates positive investor sentiment, potentially leading to a short-term increase in stock price. However, the significant decrease in earnings compared to the previous year might temper some of the positive impact.
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