SKYX Platforms Q4 EPS $(0.14) Misses $(0.08) Estimate, Sales $22.17M Beat $21.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
SKYX Platforms reported Q4 earnings with a loss of $(0.14) per share, missing the $(0.08) estimate by 75%, and a 16.67% decrease from last year. However, their sales of $22.17M exceeded the $21.12M estimate by 4.99%, marking a significant increase from last year's $9.11K.
April 02, 2024 | 12:06 pm
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NEUTRAL IMPACT
SKYX Platforms missed Q4 EPS estimates but exceeded sales expectations, showing significant year-over-year growth.
The missed EPS estimate by 75% could negatively impact investor sentiment in the short term, suggesting potential downward pressure on the stock price. However, the significant sales beat and year-over-year growth could offset this by indicating strong business performance and potential for future profitability, leading to a neutral overall short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100