PlayAGS Q2 EPS $0.02 Down From $0.04 YoY, Sales $89.83M Beat $83.76M Estimate
Portfolio Pulse from bharat@benzinga.com
PlayAGS (NYSE:AGS) reported Q2 earnings of $0.02 per share, a 50% decrease YoY. However, the company's quarterly sales of $89.83M beat the analyst consensus estimate of $83.76M by 7.25%, marking a 17.3% increase YoY.
August 04, 2023 | 2:23 pm
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PlayAGS reported a 50% decrease in Q2 earnings YoY but beat sales estimates by 7.25%, indicating mixed performance.
PlayAGS reported a significant decrease in earnings, which could negatively impact the stock. However, the company beat sales estimates, which is a positive signal and could offset the negative impact of decreased earnings. Therefore, the overall impact is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100