Recap: Sequans Communications Q4 Earnings
Portfolio Pulse from Benzinga Insights
Sequans Communications (NYSE:SQNS) reported Q4 earnings with an EPS of $-0.23, missing estimates by -53.0% and a revenue decrease of $11.14 million from the previous year. Despite past earnings misses, the share price increased by 0.0% the day after last quarter's earnings were announced.
March 07, 2024 | 5:15 pm
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NEGATIVE IMPACT
Sequans Communications reported a significant miss in Q4 earnings and a decrease in revenue compared to last year.
The significant miss in earnings expectations and the year-over-year revenue decrease are likely to negatively impact investor sentiment in the short term. However, considering the minimal impact on share price following the last earnings miss, the negative impact might be somewhat mitigated.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100