Outbrain Q2 Adj EPS $(0.08) Beats $(0.12) Estimate, Sales $225.80M Miss $234.95M Estimate
Portfolio Pulse from bharat@benzinga.com
Outbrain (NASDAQ:OB) reported Q2 adjusted EPS of $(0.08), beating the estimate of $(0.12) by 33.33%. However, the company's sales of $225.80M missed the estimate of $234.95M by 3.89%. This represents a 57.89% increase in losses and a 10.00% decrease in sales compared to the same period last year.
August 08, 2023 | 10:38 am
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Outbrain's Q2 earnings beat estimates but sales missed, indicating mixed financial performance. This could lead to uncertainty among investors.
Outbrain's EPS beat estimates, which is a positive signal. However, the company's sales missed estimates, which is a negative signal. These mixed results could lead to uncertainty among investors, potentially impacting the stock's price in the short term.
CONFIDENCE 90
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RELEVANCE 100