Sequans Communications Q4 Adj EPS $(0.23) Misses $(0.15) Estimate, Sales $4.80M Miss $8.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sequans Communications (SQNS) reported a significant miss in both adjusted EPS and sales for Q4, with adjusted losses of $(0.23) per share and sales of $4.80M, missing estimates by 53.33% and 41.46% respectively. This represents a substantial decrease from the previous year.
March 07, 2024 | 11:06 am
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Sequans Communications reported a significant miss in Q4 earnings and sales, with adjusted losses widening and sales decreasing substantially from the previous year.
The substantial miss in both earnings and sales compared to analyst estimates, along with a significant decrease from the previous year's figures, suggests a negative short-term impact on SQNS's stock price. The magnitude of the miss and the year-over-year decline are likely to concern investors, potentially leading to decreased confidence in the company's financial health and future prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100