Arbe Robotics Q1 Adj $(0.14), Inline, Sales $137.00K Miss $330.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Arbe Robotics (NASDAQ:ARBE) reported Q1 losses of $(0.14) per share, meeting analyst estimates, but missed sales expectations with $137.00K, a 58.48% shortfall from the $330.00K estimate. Sales also decreased by 61.41% year-over-year.
May 22, 2024 | 11:05 am
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Arbe Robotics reported Q1 losses of $(0.14) per share, in line with analyst estimates. However, the company missed sales expectations significantly, reporting $137.00K against the $330.00K estimate, and saw a 61.41% year-over-year decline in sales.
While the earnings per share met expectations, the significant miss on sales and the large year-over-year decline in revenue are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100