LightPath Technologies Q4 EPS $(0.06) Misses $(0.05) Estimate, Sales $8.83M Beat $8.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
LightPath Technologies reported a Q4 EPS of $(0.06), missing the $(0.05) estimate, but sales of $8.83M beat the $8.29M estimate. EPS decreased by 200% from last year, while sales decreased by 8.79%.
September 19, 2024 | 8:02 pm
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NEGATIVE IMPACT
LightPath Technologies' Q4 EPS missed estimates by 20%, showing a significant decline from last year. However, sales exceeded expectations, despite a year-over-year decrease.
The missed EPS estimate and significant year-over-year decline in EPS are likely to negatively impact the stock price in the short term. Although sales beat expectations, the overall decrease in sales compared to last year adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100