Telos Q4 Adj EPS $(0.09) Beats $(0.12) Estimate, Sales $41.06M Beat $32.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Telos (NASDAQ:TLS) reported Q4 adjusted EPS of $(0.09), surpassing the $(0.12) estimate, and sales of $41.06M, exceeding the $32.06M estimate. However, this reflects a 280% decrease in EPS and a 13.27% decrease in sales from the same period last year.
March 15, 2024 | 12:03 pm
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Telos reported better-than-expected Q4 earnings and sales, but with significant declines from the previous year.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant year-over-year declines in both earnings and sales may temper investor enthusiasm, suggesting a cautious optimism.
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