Tellurian Q2 EPS $(0.11) Misses $(0.07) Estimate, Sales $31.90M Miss $63.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tellurian reported Q2 losses of $0.11 per share, missing the analyst consensus estimate of $0.07 by 57.14%. The company's quarterly sales were $31.90 million, missing the analyst consensus estimate of $63.44 million by 49.72%. This represents a 48.00% decrease over sales of $61.35 million the same period last year.
August 07, 2023 | 12:18 pm
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NEGATIVE IMPACT
Tellurian's Q2 earnings and sales missed analyst estimates, with a significant decrease in sales compared to the same period last year.
Tellurian's Q2 results were below analyst expectations, with both earnings per share and sales missing estimates. This underperformance, coupled with a significant year-over-year decrease in sales, could negatively impact investor sentiment and the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100