Airgain Q1 2024 Adj EPS $(0.08) Misses $(0.07) Estimate, Sales $14.231M Beat $13.950M Estimate
Portfolio Pulse from Benzinga Newsdesk
Airgain (NASDAQ:AIRG) reported Q1 2024 earnings with an adjusted EPS of $(0.08), missing the $(0.07) estimate, and sales of $14.231M, beating the $13.950M estimate. This represents a 14.29% miss on EPS and a 2.01% beat on sales estimates, with a 13.46% decrease in sales compared to the same period last year.
May 08, 2024 | 9:27 pm
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Airgain reported a Q1 2024 adjusted EPS of $(0.08), missing estimates, but sales of $14.231M exceeded expectations. Sales decreased by 13.46% compared to last year.
The miss on the EPS estimate and the year-over-year decrease in sales are likely to negatively impact investor sentiment in the short term, despite the beat on sales estimates. The mixed results could lead to volatility in Airgain's stock price.
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IMPORTANCE 90
RELEVANCE 100