Independence Contract Q2 Adj EPS $(0.07) Beats $(0.26) Estimate, Sales $56.36M Miss $57.60M Estimate
Portfolio Pulse from bharat@benzinga.com
Independence Contract (NYSE:ICD) reported Q2 losses of $(0.07) per share, beating the analyst consensus estimate of $(0.26) by 73.08%. However, the company's quarterly sales of $56.36 million missed the analyst consensus estimate of $57.60 million by 2.16%. This represents a 33.19% increase in sales compared to the same period last year.
August 04, 2023 | 1:16 pm
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Independence Contract's Q2 results beat EPS estimates but missed on sales. This mixed result could lead to short-term volatility in the stock.
While the company beat EPS estimates, the miss on sales could be a concern for investors. This mixed result could lead to short-term volatility in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100