AquaBounty Techs Q4 EPS $(2.19) Misses $(1.53) Estimate, Sales $553.25K Miss $730.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
AquaBounty Technologies (AQB) reported Q4 earnings with a loss of $2.19 per share, missing the consensus estimate of $1.53, and sales of $553.25K, missing the estimate of $730.00K. This represents a decrease in earnings and an increase in sales compared to the same period last year.
April 01, 2024 | 7:47 pm
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NEGATIVE IMPACT
AquaBounty Technologies reported a larger than expected quarterly loss and missed sales estimates, indicating potential challenges in its operations.
The significant miss in both earnings per share and sales estimates for AquaBounty Technologies suggests underlying operational challenges. Missing the consensus estimates by a wide margin typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100