Blade Air Mobility, Inc. (BLDE) Reports Q3 Loss, Tops Revenue Estimates
Portfolio Pulse from
Blade Air Mobility, Inc. (BLDE) reported a Q3 loss of $0.03 per share, which was better than the Zacks Consensus Estimate of a $0.06 loss. This is a decline from break-even earnings per share a year ago.
November 12, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Blade Air Mobility reported a Q3 loss of $0.03 per share, better than expected but a decline from last year's break-even EPS.
The better-than-expected earnings report is likely to have a positive short-term impact on BLDE's stock price. Although the company reported a loss, it was smaller than anticipated, which often leads to a positive market reaction. The decline from last year's break-even point may temper some enthusiasm, but the immediate beat against estimates is likely to be the dominant factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100