Horizon Tech Finance Q3 EPS $0.32 Misses $0.35 Estimate, Sales $24.56M Miss $25.49M Estimate
Portfolio Pulse from Benzinga Newsdesk
Horizon Tech Finance (NASDAQ:HRZN) reported Q3 earnings of $0.32 per share, missing the $0.35 estimate and showing a 39.62% decrease from last year. Sales were $24.56M, below the $25.49M estimate and down 15.70% from last year.
October 29, 2024 | 9:01 pm
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NEGATIVE IMPACT
Horizon Tech Finance's Q3 earnings and sales both missed analyst estimates, with significant declines from the previous year, likely impacting stock negatively.
The company's earnings per share and sales both missed analyst expectations, which is typically viewed negatively by investors. The significant year-over-year declines in both metrics further exacerbate the negative sentiment, likely leading to a short-term decrease in stock price.
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IMPORTANCE 80
RELEVANCE 100