Iridex Q4 2023 GAAP EPS $(0.18) Misses $(0.05) Estimate, Sales $12.458M Miss $14.900M Estimate
Portfolio Pulse from Benzinga Newsdesk
Iridex reported Q4 2023 GAAP EPS of $(0.18), missing the $(0.05) estimate, with sales of $12.458M also missing the $14.900M estimate. This represents an 18.01% decrease in sales compared to the same period last year.
March 26, 2024 | 8:27 pm
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NEGATIVE IMPACT
Iridex's Q4 2023 earnings and sales missed estimates, with a significant decrease in sales compared to the previous year.
Missing both EPS and sales estimates significantly, especially with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and potentially the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100