Intellinetics Q4 2023 GAAP EPS $0.01 Misses $0.04 Estimate, Sales $4.193M Beat $4.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
Intellinetics (AMEX:INLX) reported Q4 2023 earnings of $0.01 per share, missing the $0.04 estimate, but sales of $4.193M exceeded the $4.100M estimate, marking a 3.84% increase from the previous year.
March 28, 2024 | 8:47 pm
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Intellinetics reported lower-than-expected Q4 2023 earnings per share but exceeded sales forecasts, with a year-over-year sales increase.
The earnings miss could negatively impact investor sentiment and stock price in the short term. However, the sales beat and year-over-year growth indicate underlying business strength, potentially mitigating negative impacts. The mixed results lead to a neutral short-term price direction score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100