Velo3D Q4 EPS $(0.29) Misses $(0.08) Estimate, Sales $1.81M Miss $19.50M Estimate
Portfolio Pulse from dijoy@benzinga.com
Velo3D (NYSE:VLD) reported Q4 earnings with a significant miss on both EPS and sales estimates. The EPS was $(0.29), missing the $(0.08) estimate by 262.5%, and sales were $1.81M, missing the $19.50M estimate by 90.74%. This represents a substantial decrease from the same period last year.
March 26, 2024 | 8:14 pm
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Velo3D reported a significant miss in Q4 earnings, with EPS and sales far below estimates and a substantial decrease from the previous year.
The substantial miss in both EPS and sales estimates, along with a significant year-over-year decline, is likely to negatively impact investor sentiment and the stock price of Velo3D in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100