KVH Industries Q4 Sales $31.45M Miss $32.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
KVH Industries (NASDAQ:KVHI) reported Q4 sales of $31.45 million, missing the analyst consensus estimate of $32.32 million by 2.68%. This represents a 12.64% decrease from the same period last year.
March 15, 2024 | 11:02 am
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KVH Industries reported lower than expected Q4 sales, missing estimates and showing a significant year-over-year decline.
Missing sales estimates and reporting a significant year-over-year decline in sales are negative indicators that can lead to a decrease in investor confidence and potentially lower stock prices in the short term.
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RELEVANCE 100