AudioEye AEYE reported its Q4 earnings results on Wednesday, March 6, 2024 at 04:01 PM.
Here's what investors need to know about the announcement.
Earnings
AudioEye beat estimated earnings by 200.0%, reporting an EPS of $0.11 versus an estimate of $-0.11.
Revenue was up $130 thousand from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.17 which was followed by a 6.0% increase in the share price the next day.
Here's a look at AudioEye's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.15 | -0.16 | -0.17 | -0.22 |
| EPS Actual | 0.02 | -0.02 | 0 | 0.01 |
| Revenue Estimate | 7.84M | 7.83M | 7.78M | 7.75M |
| Revenue Actual | 7.84M | 7.84M | 7.77M | 7.74M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
AudioEye management provided guidance for FY 2024, expecting earnings between $0.29 and $0.38 per share.
To track all earnings releases for AudioEye visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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