Pro-Dex Q3 EPS $0.19 Misses $0.35 Estimate, Sales $14.29M Beat $13.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pro-Dex (NASDAQ:PDEX) reported Q3 earnings of $0.19 per share, missing the consensus estimate of $0.35 by 45.71%, and a 47.22% decrease from last year's $0.36. However, their quarterly sales of $14.29M exceeded estimates by 8.28%, marking a 9.28% increase from the previous year.
May 02, 2024 | 8:06 pm
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Pro-Dex's Q3 earnings per share missed estimates by 45.71%, with a significant year-over-year decrease, but sales exceeded expectations.
The missed earnings estimate and year-over-year decrease in EPS could negatively impact investor sentiment and stock price in the short term. However, the beat on sales estimates and year-over-year sales growth could offset some of the negative impact, leading to a neutral short-term price direction.
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