Marchex Q2 Adj EPS $(0.03) Beats $(0.07) Estimate, Sales $12.52M Beat $12.46M Estimate
Portfolio Pulse from vinayak@benzinga.com
Marchex (NASDAQ:MCHX) reported Q2 earnings with losses of $(0.03) per share, beating the analyst consensus estimate of $(0.07) by 57.14%. The company also reported quarterly sales of $12.52 million, beating the estimate of $12.46 million by 0.50%. However, this represents a 200% increase in losses and a 7.31% decrease in sales compared to the same period last year.
August 04, 2023 | 2:31 pm
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NEUTRAL IMPACT
Marchex's Q2 earnings beat estimates, but showed an increase in losses and a decrease in sales compared to last year. This mixed result could lead to uncertainty in the market.
While Marchex beat estimates for Q2, the increase in losses and decrease in sales compared to the same period last year could lead to uncertainty among investors. This could potentially result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100