POET Technologies Q1 EPS $(0.12) Misses $(0.10) Estimate, Sales $8.71K Miss $800.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
POET Technologies (NASDAQ:POET) reported Q1 EPS of $(0.12), missing the $(0.10) estimate by 20%. Sales were $8.71K, missing the $800K estimate by 98.91%. This represents a 14.29% improvement in EPS from last year but a 95.18% decrease in sales.
May 15, 2024 | 9:31 pm
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NEGATIVE IMPACT
POET Technologies reported Q1 EPS of $(0.12), missing the $(0.10) estimate by 20%. Sales were $8.71K, missing the $800K estimate by 98.91%. This represents a 14.29% improvement in EPS from last year but a 95.18% decrease in sales.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. Despite the improvement in EPS from last year, the drastic decrease in sales is a major concern for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100