Socket Mobile Q3 EPS $(0.15) Up From $(0.16) YoY, Sales $3.87M Up From $3.21M YoY
Portfolio Pulse from totan@benzinga.com
Socket Mobile (NASDAQ:SCKT) reported a Q3 EPS of $(0.15), an improvement from $(0.16) YoY, and sales of $3.87M, up from $3.21M YoY.
October 24, 2024 | 8:10 pm
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Socket Mobile's Q3 results show a slight improvement in EPS and a significant increase in sales, indicating positive business momentum.
The improvement in EPS from $(0.16) to $(0.15) and a 20.77% increase in sales suggest that Socket Mobile is experiencing positive business momentum. This could lead to a positive short-term impact on the stock price as investors may view the results as a sign of growth and operational efficiency.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100