SenesTech Q1 2024 GAAP EPS $(0.36) Misses $(0.34) Estimate, Sales $415.000K Miss $429.000K Estimate
Portfolio Pulse from Benzinga Newsdesk
SenesTech reported Q1 2024 GAAP EPS of $(0.36), missing the $(0.34) estimate, and sales of $415K, below the $429K estimate. Despite these misses, the losses and sales figures represent significant improvements over the same period last year, with losses decreasing by 96.98% and sales increasing by 78.11%.
May 09, 2024 | 9:13 pm
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SenesTech's Q1 2024 earnings missed estimates with a GAAP EPS of $(0.36) and sales of $415K, indicating a potential short-term negative impact on its stock price.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the significant year-over-year improvements in losses and sales might mitigate some of the negative impact.
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RELEVANCE 100