KVH Industries Q1 2024 GAAP EPS $(0.16) Beats $(0.19) Estimate, Sales $29.267M Miss $31.880M Estimate
Portfolio Pulse from Benzinga Newsdesk
KVH Industries (NASDAQ:KVHI) reported Q1 2024 GAAP EPS of $(0.16), beating the $(0.19) estimate but saw a 900% decrease in earnings compared to last year. Sales were $29.267M, missing the $31.880M estimate, marking a 14.28% decrease from the previous year.
May 06, 2024 | 8:05 pm
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NEGATIVE IMPACT
KVH Industries reported a mixed Q1 2024 with an EPS beat but significant decreases in both earnings and sales compared to last year.
The EPS beat might provide a short-term positive sentiment, but the significant year-over-year decreases in earnings and sales are likely to overshadow this, potentially leading to a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100