AEye Q2 Adj EPS $(0.07) Beats $(0.09) Estimate, Sales $571.00K Miss $600.00K Estimate
Portfolio Pulse from totan@benzinga.com
AEye (NASDAQ:LIDR) reported Q2 adjusted EPS of $(0.07), beating the estimate of $(0.09) by 22.22%. However, the company's sales of $571.00K missed the estimate of $600.00K by 4.83%. This represents a 46.15% increase in losses from the same period last year and a 19.12% decrease in sales.
August 07, 2023 | 8:17 pm
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AEye's Q2 earnings beat estimates but sales missed, indicating mixed financial performance.
AEye's EPS beat estimates, which is a positive signal for investors. However, the missed sales estimate and the decrease in sales compared to the same period last year could negatively impact investor sentiment, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100