Socket Mobile Q4 2023 GAAP EPS $0.080 Beats $(0.060) Estimate, Sales $4.400M Miss $4.910M Estimate
Portfolio Pulse from Benzinga Newsdesk
Socket Mobile (NASDAQ:SCKT) reported Q4 2023 earnings of $0.080 per share, surpassing the $(0.060) estimate by 233.33%. However, their quarterly sales of $4.400M fell short of the $4.910M estimate by 10.39%, marking a 14.91% decrease from the previous year.
March 05, 2024 | 9:02 pm
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Socket Mobile reported higher than expected Q4 2023 EPS but missed sales estimates, indicating mixed financial health.
The positive earnings surprise could support investor confidence and potentially boost the stock price in the short term. However, the miss on sales estimates and the year-over-year decline in sales could raise concerns about the company's revenue growth trajectory, potentially offsetting some of the positive sentiment from the earnings beat.
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IMPORTANCE 90
RELEVANCE 100