IntL Money Express Q2 Adj EPS $0.50 Misses $0.51 Estimate, Sales $169.15M Miss $171.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
IntL Money Express (NASDAQ:IMXI) reported Q2 adjusted earnings of $0.50 per share, missing the analyst consensus estimate of $0.51 by 1.96%. The company also reported quarterly sales of $169.15 million, missing the analyst consensus estimate of $171.35 million by 1.28%. However, both earnings and sales showed an increase compared to the same period last year.
August 04, 2023 | 10:48 am
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NEGATIVE IMPACT
IntL Money Express missed Q2 earnings and sales estimates, which could negatively impact the stock in the short term. However, the YoY increase in both earnings and sales might mitigate this impact.
Missing earnings and sales estimates typically leads to a negative reaction in the stock market. However, the YoY increase in both earnings and sales indicates that the company's overall performance is improving, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100