ADT Q2 EPS $0.16 Beats $0.06 Estimate, Sales $1.59B Miss $1.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
ADT reported Q2 earnings of $0.16 per share, beating the analyst consensus estimate of $0.06 by 166.67%. However, the company's quarterly sales of $1.59 billion missed the analyst consensus estimate of $1.66 billion by 4.22%.
August 08, 2023 | 10:57 am
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NEUTRAL IMPACT
ADT's Q2 earnings exceeded expectations but sales did not meet estimates.
ADT's earnings beat could boost investor confidence, potentially driving the stock price up. However, the missed sales estimate could have the opposite effect, creating uncertainty about the company's revenue growth. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100