Socket Mobile Q2 EPS $(0.06) Beats $(0.11) Estimate, Sales $5.12M Beat $4.84M Estimate
Portfolio Pulse from mahesh@benzinga.com
Socket Mobile (SCKT) reported Q2 losses of $(0.06) per share, beating the analyst consensus estimate of $(0.11) by 45.45%. This is a 700% decrease from last year's earnings. Quarterly sales were $5.12M, beating the estimate of $4.84M by 5.72%, but a 15.37% decrease from last year.
August 04, 2023 | 12:14 pm
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NEUTRAL IMPACT
Socket Mobile's Q2 results exceeded analyst estimates, but showed a significant decrease compared to the same period last year.
While Socket Mobile beat analyst estimates for Q2, the significant decrease in earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100