Horizon Tech Finance Q1 2024 GAAP EPS $0.38 Misses $0.40 Estimate, Sales $26.129M Miss $26.596M Estimate
Portfolio Pulse from Benzinga Newsdesk
Horizon Tech Finance (NASDAQ:HRZN) reported Q1 2024 earnings of $0.38 per share, missing the $0.40 estimate, and sales of $26.129M, missing the $26.596M estimate. This represents a decrease in earnings and sales from the same period last year.
April 30, 2024 | 9:38 pm
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NEGATIVE IMPACT
Horizon Tech Finance reported lower than expected Q1 2024 earnings and sales, missing estimates and showing a decrease from the previous year.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease, typically leads to negative investor sentiment and could result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100