ContextLogic Q2 EPS $(3.38) Beats $(3.74) Estimate, Sales $78.00M Miss $94.25M Estimate
Portfolio Pulse from bharat@benzinga.com
ContextLogic (NASDAQ:WISH) reported Q2 losses of $(3.38) per share, beating the analyst consensus estimate of $(3.74) by 9.63%. However, the company's quarterly sales of $78.00 million missed the analyst consensus estimate of $94.25 million by 17.24%. This represents a 41.79% decrease in sales compared to the same period last year.
August 04, 2023 | 2:24 pm
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ContextLogic's Q2 earnings beat estimates but sales missed and decreased significantly YoY. This mixed result could lead to uncertainty in the market.
While ContextLogic beat earnings estimates, the significant decrease in sales YoY and missing sales estimates could lead to uncertainty among investors. This mixed result could cause the stock price to remain relatively stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100