Ispire Technology Q3 2024 GAAP EPS $(0.11) Misses $0.02 Estimate, Sales $30.02M Miss $45.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ispire Technology reported Q3 2024 GAAP EPS of $(0.11), missing the $0.02 estimate, with sales of $30.02M also missing the $45.50M estimate. This represents a 57.86% increase over the same period last year.
May 14, 2024 | 8:45 pm
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NEGATIVE IMPACT
Ispire Technology's Q3 2024 earnings and sales missed estimates, with a significant sales increase YOY.
Missing both EPS and sales estimates significantly, especially with a 650% miss on the EPS estimate, is likely to negatively impact investor sentiment and the stock price in the short term. However, the substantial year-over-year sales growth might offer some mitigating optimism.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100