Information Servs Gr Q4 2023 Adj EPS $0.060 Misses $0.090 Estimate, Sales $66.186M Miss $68.930M Estimate
Portfolio Pulse from Benzinga Newsdesk
Information Servs Gr (NASDAQ:III) reported Q4 2023 adjusted EPS of $0.060, missing the $0.090 estimate, and sales of $66.186M, missing the $68.930M estimate. This represents a 10.76% decrease in sales compared to the same period last year.
March 07, 2024 | 9:38 pm
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Information Servs Gr reported a significant miss in both EPS and sales for Q4 2023, with a notable year-over-year decrease in sales.
Missing both EPS and sales estimates significantly, especially in a quarter, usually leads to negative investor sentiment and potential short-term price decline. The year-over-year sales decrease further compounds concerns about the company's growth trajectory.
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