Openlane Q2 EPS $0.25 Beats $0.12 Estimate, Sales $416.90M Miss $418.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Openlane (NYSE:KAR) reported Q2 earnings of $0.25 per share, beating the analyst consensus estimate of $0.12 by 108.33%. This is a 525% increase from the same period last year. However, the company's quarterly sales of $416.90 million missed the analyst consensus estimate of $418.82 million by 0.46%. Sales increased by 8.51% from the same period last year.
August 04, 2023 | 12:13 pm
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Openlane's Q2 earnings beat estimates, but sales missed estimates. This mixed result could lead to uncertainty in the market.
Openlane's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The mixed results could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100