TOMI Environmental Solns Q3 Sales $2.542M Miss $3.869M Estimate
Portfolio Pulse from Benzinga Newsdesk
TOMI Environmental Solutions (NASDAQ:TOMZ) reported Q3 sales of $2.542 million, missing the analyst estimate of $3.869 million by 34.30%. Despite the miss, sales increased by 72.93% compared to the same period last year.
October 30, 2024 | 8:45 pm
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TOMI Environmental Solutions reported Q3 sales of $2.542 million, missing the analyst estimate of $3.869 million by 34.30%. However, sales increased by 72.93% compared to the same period last year.
The significant miss on sales estimates is likely to negatively impact TOMZ's stock price in the short term, despite the year-over-year sales growth. Investors often react to earnings misses, especially when the miss is substantial.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100