Mitek Systems Q1 Adj EPS $0.14 Misses $0.18 Estimate, Sales $36.92M Miss $39.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mitek Systems (NASDAQ:MITK) reported Q1 adjusted EPS of $0.14, missing the $0.18 estimate, and sales of $36.92M, missing the $39.02M estimate. This represents a 54.84% decrease in earnings and a 19.22% decrease in sales from the same period last year.
April 15, 2024 | 8:07 pm
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Mitek Systems reported a significant miss in both earnings and sales for Q1, with a notable decrease from the previous year.
The miss in both earnings per share and sales compared to analyst estimates, coupled with the significant year-over-year decline in these figures, is likely to negatively impact investor sentiment and the stock price in the short term.
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