NeoGames Q4 2023 Adj EPS $0.050 Beats $(0.070) Estimate, Sales $47.761M Miss $54.535M Estimate
Portfolio Pulse from Benzinga Newsdesk
NeoGames (NASDAQ:NGMS) reported Q4 2023 adjusted EPS of $0.050, surpassing the $(0.070) estimate, but its sales of $47.761M fell short of the $54.535M estimate, marking a 31.00% decrease from the same period last year.
March 06, 2024 | 9:18 pm
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NeoGames reported a Q4 2023 adjusted EPS of $0.050, beating estimates, but missed sales forecasts with $47.761M, a 31% decrease YOY.
While NeoGames beat EPS estimates, indicating operational efficiency or cost control, the significant miss on sales forecasts and a substantial year-over-year decrease could concern investors about growth prospects. The mixed results present a neutral short-term outlook as the positive EPS surprise may be offset by revenue concerns.
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