MultiPlan Q2 EPS $(0.06) Misses $(0.05) Estimate, Sales $237.99M Beat $230.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
MultiPlan (NYSE:MPLN) reported Q2 earnings per share of $(0.06), missing the analyst consensus estimate of $(0.05) by 20%. This is a 400% decrease from the same period last year. However, the company's quarterly sales of $237.99 million beat the analyst consensus estimate of $230.02 million by 3.47%, despite being a 17.97% decrease from the same period last year.
August 04, 2023 | 10:45 am
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MultiPlan's Q2 earnings per share missed estimates by 20%, and sales, while beating estimates, were down 17.97% YoY.
MultiPlan's earnings per share missed estimates, indicating a potential lack of profitability. Additionally, while sales beat estimates, they were down significantly from the same period last year, suggesting a potential slowdown in business. This could negatively impact investor sentiment and the stock price in the short term.
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