Inseego Q2 EPS $(0.02) Beats $(0.03) Estimate, Sales $53.60M Beat $51.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inseego (NASDAQ:INSG) reported Q2 earnings per share of $(0.02), beating the analyst consensus estimate of $(0.03) by 33.33%. This is a 77.78% increase over losses from the same period last year. The company also reported quarterly sales of $53.60 million, beating the analyst consensus estimate of $51.75 million by 3.57%, but marking a 13.35% decrease from the same period last year.
August 04, 2023 | 12:05 pm
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NEUTRAL IMPACT
Inseego's Q2 earnings and sales beat estimates, but sales are down year-over-year.
While Inseego's Q2 earnings and sales beat estimates, which is positive, the year-over-year decrease in sales could be a concern for investors, potentially offsetting the positive impact of the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100