Recap: Velo3D Q4 Earnings
Portfolio Pulse from Benzinga Insights
Velo3D (NYSE:VLD) reported Q4 earnings with an EPS of $-0.29, missing estimates by -262.0% against an expected $-0.08. Revenue decreased to $27.97 million from the same period last year. This follows a pattern of missed EPS estimates in previous quarters, with the share price showing minimal reaction after last quarter's earnings miss.
March 26, 2024 | 8:15 pm
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Velo3D reported significantly lower Q4 earnings than expected and a decrease in revenue from the previous year, continuing a trend of missed EPS estimates.
Velo3D's substantial miss on both earnings and revenue expectations could lead to negative investor sentiment in the short term. Historically, missed earnings have been followed by minimal share price movement, but the consistent pattern of underperformance might weigh more heavily on investor confidence this time.
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