Sequans Communications Q1 2024 Adj Earnings Per ADS $(0.14) Beats $(0.15) Estimate, Sales $6.027M Miss $7.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sequans Communications (NYSE:SQNS) reported Q1 2024 adjusted losses of $(0.14) per ADS, beating the $(0.15) estimate. However, sales of $6.027M missed the $7.200M estimate, marking a significant decline from the previous year.
June 18, 2024 | 10:24 am
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Sequans Communications reported Q1 2024 adjusted losses of $(0.14) per ADS, beating the $(0.15) estimate. However, sales of $6.027M missed the $7.200M estimate, marking a significant decline from the previous year.
While Sequans Communications managed to beat the earnings estimate, the significant miss on sales and the year-over-year decline in both earnings and sales are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100