Jet AI Q1 2024 GAAP EPS $(0.28) Misses $(0.25) Estimate, Sales $3.848M Beat $3.456M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jet AI (NASDAQ:JTAI) reported Q1 2024 GAAP EPS of $(0.28), missing the $(0.25) estimate, but sales of $3.848M beat the $3.456M estimate. Losses improved by 60% year-over-year.
May 15, 2024 | 9:32 pm
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Jet AI reported a Q1 2024 GAAP EPS of $(0.28), missing the $(0.25) estimate, but sales of $3.848M beat the $3.456M estimate. Losses improved by 60% year-over-year.
While Jet AI missed EPS estimates, the company showed significant improvement in reducing losses year-over-year and exceeded sales expectations. This mixed result may lead to neutral short-term price movement as investors weigh the positive sales performance against the EPS miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100