Recap: Netcapital Q3 Earnings
Portfolio Pulse from Benzinga Insights
Netcapital (NASDAQ:NCPL) reported Q3 earnings with a significant miss, posting an EPS of $-0.19 against an estimated $0.04. Revenue also declined by $1.22 million from the previous year. Despite beating EPS estimates last quarter, this quarter's results were disappointing.
March 18, 2024 | 9:55 pm
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Netcapital reported a significant miss in Q3 earnings with an EPS of $-0.19, far below the estimated $0.04, and a year-over-year revenue decline of $1.22 million.
The significant miss in both EPS and revenue compared to estimates and the previous year's performance is likely to negatively impact investor sentiment and the stock price in the short term. Historically, earnings performance can have a direct effect on stock price movements, and a miss of this magnitude, especially following a quarter where expectations were exceeded, could lead to a decrease in stock price.
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