AEye: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
AEye (NASDAQ:LIDR) reported Q4 earnings with an EPS of $-1.1, beating estimates by 8.0% but with a revenue decrease of $1.02 million from the previous year. Despite beating EPS estimates in past quarters, such performances were followed by share price drops, including a 3.0% decrease after the last quarter's earnings beat.
March 26, 2024 | 8:35 pm
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AEye reported Q4 earnings with an EPS of $-1.1, beating estimates by 8.0%, but saw a revenue decrease of $1.02 million from the previous year. Historical data shows past earnings beats were followed by share price drops.
AEye's Q4 earnings beat may initially seem positive, but the decrease in revenue and historical trend of share price drops following earnings beats suggest a potential short-term negative impact on LIDR's stock price.
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IMPORTANCE 90
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