MIND Technology Q1 Sales $9.68M Miss $12.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
MIND Technology (NASDAQ:MIND) reported Q1 sales of $9.68 million, missing the analyst consensus estimate of $12.05 million by 19.68%. This represents a 23.11% decrease from the same period last year.
June 10, 2024 | 8:18 pm
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MIND Technology reported Q1 sales of $9.68 million, missing the analyst consensus estimate of $12.05 million by 19.68%. This is a 23.11% decrease from the same period last year, indicating potential challenges in revenue generation.
The significant miss on sales estimates and the year-over-year decline in revenue suggest potential operational or market challenges for MIND Technology. This is likely to negatively impact investor sentiment and the stock price in the short term.
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