A-Star Financial missed profit forecasts and beat revenue forecasts for the quarter

A-Star Financial (NYSE: STAR) released its financial statements for the fourth quarter, in which it was below expectations and revenues that exceeded the expectations of the analysts.

The company reported earnings per share of $-0.92 and revenue of $48.6M. Investing.com analysts expected EPS of $-0.04 and revenue of $40M.

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A-Star Financial’s stock price is up 3.28% year-to-date, and is now still 68.96% off its 52-week high of $25.39 set on March 2, 2022.

After the publication of the reports, I-Star Financial shed 8.64% and is trading at a rate of $7.88 during trading.

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