AudioCodes Q2 EPS $0.16 Beats $0.10 Estimate, Sales $60.20M Miss $60.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
AudioCodes (NASDAQ:AUDC) reported Q2 earnings of $0.16 per share, beating the analyst consensus estimate of $0.10 by 60%. However, this is a 52.94% decrease from the same period last year. The company's quarterly sales of $60.20 million missed the analyst consensus estimate of $60.38 million by 0.30%, marking an 11.94% decrease from the same period last year.
August 01, 2023 | 6:07 am
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AudioCodes' Q2 earnings beat estimates but sales missed and are down YoY. This mixed result could lead to uncertainty in the market.
AudioCodes' earnings beat estimates, which is a positive signal. However, the company's sales missed estimates and decreased compared to the same period last year, which could negatively impact the stock. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100