BM Technologies, Inc. (BMTX) Reports Q3 Loss, Tops Revenue Estimates
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BM Technologies, Inc. (BMTX) reported a Q3 loss of $0.42 per share, which was worse than the Zacks Consensus Estimate of a $0.18 loss. However, the company exceeded revenue expectations.
November 15, 2024 | 12:00 am
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BM Technologies reported a larger-than-expected Q3 loss of $0.42 per share, missing the Zacks Consensus Estimate of a $0.18 loss. Despite this, the company exceeded revenue expectations.
The larger-than-expected loss per share is likely to negatively impact BMTX's stock price in the short term, despite the positive news of exceeding revenue expectations. Investors may focus on the earnings miss.
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