Flux Power Holdings Q3 2024 GAAP EPS $(0.16) Misses $(0.10) Estimate, Sales $14.457M Miss $15.345M Estimate
Portfolio Pulse from Benzinga Newsdesk
Flux Power Holdings (NASDAQ:FLUX) reported Q3 2024 earnings with a GAAP EPS of $(0.16), missing the $(0.10) estimate, and sales of $14.457M, below the $15.345M estimate. This represents a 77.78% increase in losses and a 4.18% decrease in sales compared to the same period last year.
May 09, 2024 | 9:00 pm
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NEGATIVE IMPACT
Flux Power Holdings reported a significant miss in both EPS and sales for Q3 2024, with a 77.78% increase in losses and a 4.18% decrease in sales year-over-year.
The significant miss in both EPS and sales for Flux Power Holdings, compared to analyst estimates and the year-over-year decrease in performance, is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss in earnings per share, particularly, indicates operational challenges that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100