Grid Dynamics Holdings Q2 Adj EPS $0.09 Beats $0.08 Estimate, Sales $77.34M Beat $75.94M Estimate
Portfolio Pulse from mahesh@benzinga.com
Grid Dynamics Holdings (NASDAQ:GDYN) reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $0.08 by 12.5%. However, this is a 25% decrease from the same period last year. The company also reported quarterly sales of $77.34 million, beating the analyst consensus estimate of $75.94 million by 1.85%, a slight increase from the same period last year.
August 04, 2023 | 2:33 pm
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NEUTRAL IMPACT
Grid Dynamics Holdings reported better than expected Q2 earnings and sales. However, earnings per share decreased by 25% compared to the same period last year.
While Grid Dynamics beat Q2 estimates, the 25% YoY decrease in earnings per share might concern investors. The impact on the stock price could be neutral as the positive news of beating estimates might be offset by the decrease in earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100