Glimpse Group Q3 GAAP EPS $(0.09) Beats $(0.10) Estimate, Sales $1.90M Miss $2.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Glimpse Group (NASDAQ:VRAR) reported Q3 GAAP EPS of $(0.09), beating the $(0.10) estimate, but sales of $1.90M missed the $2.10M estimate. EPS improved significantly from last year, but sales declined sharply.
May 15, 2024 | 8:50 pm
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Glimpse Group (NASDAQ:VRAR) reported Q3 GAAP EPS of $(0.09), beating the $(0.10) estimate, but sales of $1.90M missed the $2.10M estimate. EPS improved significantly from last year, but sales declined sharply.
The mixed earnings report shows an improvement in EPS, which is positive, but the significant decline in sales is a concern. This could lead to a neutral short-term impact on the stock price as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100