WidePoint Reports Q3 Revenue Beat Amid GAAP EPS Miss
WidePoint (WYY) reported third-quarter financial results characterized by a significant revenue beat alongside an earnings miss. The company achieved $45.1 million in revenue, representing a 24.9% increase year-over-year and exceeding analyst expectations by $3.56 million. Despite the top-line growth, WidePoint reported a GAAP EPS of -$0.02, missing consensus estimates by $0.11. Following the release of these results, shares experienced a decline of 4.2% in after-hours trading as investors reacted to the earnings shortfall.
Tickers: $WYY
Topics: earnings miss GAAP EPS revenue beat