Metalla Royalty Q4 EPS $(0.03) Misses $(0.01) Estimate, Sales $1.30M Miss $1.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Metalla Royalty (AMEX:MTA) reported Q4 earnings with a loss of $(0.03) per share, missing the $(0.01) estimate by 200%, and sales of $1.30M, missing the $1.61M estimate by 19.50%. Despite these misses, both losses and sales showed significant improvement over the same period last year, with losses decreasing by 70% and sales increasing by 106.30%.
March 29, 2024 | 3:31 am
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Metalla Royalty reported a Q4 EPS loss of $(0.03), missing estimates, and sales of $1.30M, also below expectations. However, both metrics showed significant year-over-year improvements.
While Metalla Royalty missed its Q4 earnings and sales estimates, the significant improvement in both losses and sales compared to the previous year indicates a positive trend. This mixed result could lead to a neutral short-term impact on MTA's stock price, as investors weigh the misses against the year-over-year growth.
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