CORRECTION: Kaltura Q2 EPS $(0.02) Beats $(0.03) Estimate, Sales $43.88M Beat $42.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kaltura (NASDAQ:KLTR) reported Q2 earnings per share of $(0.02), beating the analyst consensus estimate of $(0.03) by 33.33%. The company also reported quarterly sales of $43.88 million, surpassing the analyst consensus estimate of $42.96 million by 2.14%. This represents a 75% increase in earnings and a 4.53% increase in sales compared to the same period last year.
August 04, 2023 | 10:59 am
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POSITIVE IMPACT
Kaltura's Q2 earnings and sales exceeded analyst estimates, indicating a positive financial performance. This could potentially lead to a positive short-term impact on the company's stock.
Kaltura's better-than-expected Q2 results indicate a strong financial performance, which is often a positive signal to investors and can lead to an increase in stock price. The 75% increase in earnings and 4.53% increase in sales YoY further strengthen this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100