Airgain Q4 2023 Adj EPS $(0.33) Misses $(0.20) Estimate, Sales $10.07M Beat $10.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Airgain (NASDAQ:AIRG) reported Q4 2023 adjusted EPS of $(0.33), missing the $(0.20) estimate, while sales of $10.07M exceeded the $10.00M estimate. This represents a 49.37% decrease in sales compared to the same period last year.
March 06, 2024 | 9:41 pm
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NEGATIVE IMPACT
Airgain reported a significant miss on adjusted EPS and a slight beat on sales for Q4 2023, with a notable year-over-year decrease in sales.
The significant miss on the EPS estimate and the substantial year-over-year decrease in sales are likely to negatively impact investor sentiment towards AIRG in the short term. Although the slight beat on sales provides a positive note, the overall negative earnings report is expected to weigh more heavily on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100