Bandwidth Q2 EPS $0.16 Beats $0.06 Estimate, Sales $145.87M Beat $140.65M Estimate
Portfolio Pulse from mahesh@benzinga.com
Bandwidth reported Q2 earnings of $0.16 per share, beating the analyst consensus estimate of $0.06 by 166.67%. This is a 500% increase from the same period last year. The company also reported quarterly sales of $145.87 million, beating the estimate of $140.65 million by 3.71%, a 6.88% increase from last year.
August 04, 2023 | 12:07 pm
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POSITIVE IMPACT
Bandwidth's Q2 earnings and sales exceeded estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock.
Bandwidth's Q2 earnings and sales have significantly exceeded analyst estimates, indicating a strong financial performance. This positive news is likely to increase investor confidence and could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100