ARC Document Solutions Q2 Adj EPS $0.09, Inline, Sales $72.35M Miss $74.10M Estimate
Portfolio Pulse from totan@benzinga.com
ARC Document Solutions reported Q2 earnings of $0.09 per share, in line with analyst consensus. This is a 12.5% increase from the same period last year. However, the company's quarterly sales of $72.35 million missed the analyst consensus estimate of $74.10 million by 2.36%, marking a 2.97% decrease from last year.
August 04, 2023 | 12:16 pm
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ARC Document Solutions' Q2 earnings met expectations but sales missed estimates, which could potentially impact the stock negatively in the short term.
ARC Document Solutions reported Q2 earnings in line with analyst consensus, which is generally positive for the stock. However, the company's sales missed estimates, which is typically viewed negatively by the market. This mixed report could lead to some volatility in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100