Golden Entertainment Q2 EPS $0.40 Misses $0.48 Estimate, Sales $286.68M Beat $284.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Golden Entertainment (NASDAQ:GDEN) reported Q2 earnings of $0.40 per share, missing the analyst consensus estimate of $0.48 by 16.67%. This is a 40.3% decrease from the same period last year. However, the company's quarterly sales of $286.68 million beat the analyst consensus estimate of $284.33 million by 0.83%, despite being a 0.93% decrease from last year.
July 31, 2023 | 9:07 pm
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NEGATIVE IMPACT
Golden Entertainment's Q2 earnings missed estimates, which could negatively impact the stock. However, the sales beat could offset some of this negative impact.
Earnings reports are a key indicator of a company's financial health. A miss on earnings estimates can lead to a decrease in stock price. However, the fact that sales beat estimates could offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100