Recap: Surgepays Q4 Earnings
Portfolio Pulse from Benzinga Insights
Surgepays (NASDAQ:SURG) reported Q4 earnings with an EPS of $0.19, missing estimates by -54.0% against an expected $0.41. Revenue decreased by $3.91 million from the same period last year. Previously, the company had beaten EPS estimates in Q3 2023 but saw a 3.0% drop in share price the following day.
March 12, 2024 | 8:10 pm
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Surgepays reported a significant miss in Q4 earnings with a -54.0% deviation from expected EPS and a decrease in revenue from the previous year.
The significant miss in earnings and the decrease in revenue compared to the previous year are likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term. Historical performance shows a drop in share price following earnings misses.
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