AquaBounty Techs: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
AquaBounty Techs (NASDAQ:AQB) reported Q4 earnings with an EPS of $-2.19, missing estimates by -43.0% against an expected $-1.53. Revenue increased by $102 thousand from the same period last year. The company's past earnings performance shows a mixed trend with a notable 10.0% drop in share price following last quarter's earnings beat.
April 01, 2024 | 2:50 pm
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NEGATIVE IMPACT
AquaBounty Techs reported a significant miss in Q4 earnings with an EPS of $-2.19, underperforming estimates by -43.0%. Revenue saw a slight increase from the previous year.
The significant miss in earnings expectations is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price, similar to the 10% drop observed after the last quarter's earnings announcement. The slight increase in revenue may not be sufficient to offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100