Transact Technologies: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Transact Technologies (NASDAQ:TACT) reported Q4 earnings with an EPS of $-0.01, beating estimates by 67.0% but with a revenue decrease of $4.69 million from the previous year. The company has a history of surpassing EPS estimates, which previously led to a 10.0% share price increase the following day.
March 12, 2024 | 8:15 pm
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Transact Technologies reported a Q4 EPS of $-0.01, surpassing estimates by 67.0%, but experienced a revenue decline from the previous year.
The positive earnings surprise could lead to a short-term positive impact on TACT's stock price, similar to the past performance where beating EPS estimates resulted in a 10.0% share price increase the following day. However, the decline in revenue year-over-year might temper some of the positive sentiment.
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