Gold Resource Q4 2023 GAAP EPS $(0.03) Misses $(0.02) Estimate, Sales $21.141M Beat $18.953M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gold Resource (AMEX:GORO) reported Q4 2023 earnings with a GAAP EPS of $(0.03), missing the $(0.02) estimate, but sales of $21.141M exceeded the $18.953M estimate. This represents a 34.70% decrease in sales compared to the same period last year.
March 13, 2024 | 9:25 pm
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NEUTRAL IMPACT
Gold Resource reported a Q4 2023 GAAP EPS of $(0.03), missing estimates, but sales of $21.141M beat expectations, despite a significant YOY decrease.
The mixed results with an earnings miss but a sales beat could lead to neutral market reaction. The significant year-over-year sales decrease might concern investors, but the sales beat could offset negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100