TrueCar Q2 EPS $(0.23) Misses $(0.13) Estimate, Sales $39.29M Beat $38.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
TrueCar reported Q2 losses of $(0.23) per share, missing the analyst consensus estimate of $(0.13) by 76.92%. This is a 91.67% decrease from the same period last year. However, the company's quarterly sales of $39.29 million beat the analyst consensus estimate of $38.60 million by 1.79%, despite being a 7.06% decrease from the same period last year.
August 01, 2023 | 5:37 am
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NEGATIVE IMPACT
TrueCar's Q2 earnings per share missed estimates by a significant margin, while sales slightly beat estimates but are down year-over-year.
TrueCar's earnings per share missed estimates by a significant margin, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price. However, the company's sales beat estimates, which could provide some offsetting positive sentiment. The year-over-year decrease in sales could also negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100