Weave Communications Q2 Adj EPS $(0.05) Beats $(0.07) Estimate, Sales $41.67M Beat $39.89M Estimate
Portfolio Pulse from vinayak@benzinga.com
Weave Communications (NYSE:WEAV) reported Q2 adjusted EPS of $(0.05), beating the estimate of $(0.07) by 28.57%. This is a 68.75% increase over losses from the same period last year. The company's quarterly sales of $41.67M also beat the estimate of $39.89M by 4.45%, marking a 19.29% increase over sales from the same period last year.
August 04, 2023 | 12:10 pm
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POSITIVE IMPACT
Weave Communications reported better than expected Q2 results, with both EPS and sales beating estimates. This could potentially lead to a positive market reaction.
Weave Communications reported Q2 results that beat analyst estimates on both EPS and sales, showing significant YoY growth. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100