Third quarter 2023 earnings: EPS and revenues miss analyst expectations
Third quarter 2023 results:
◈US$2.09 loss per share (down from US$1.59 profit in 3Q 2022).
◈Revenue: US$1.86b (down 34% from 3Q 2022).
◈Net loss: US$433.0m (down 225% from profit in 3Q 2022).
Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates significantly.
Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Tech industry in the US.
Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
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- 財運到財源滾滾到·2023-08-11👍🙏LikeReport