Thoughtworks Holding Q2 Adj EPS $0.03 Misses $0.04 Estimate, Sales $287.21M Miss $301.50M Estimate
Portfolio Pulse from saritha@benzinga.com
Thoughtworks Holding (NASDAQ:TWKS) reported Q2 earnings of $0.03 per share, missing the analyst consensus estimate of $0.04 by 25%. This is a 72.73% decrease from the same period last year. The company also reported quarterly sales of $287.21 million, missing the analyst consensus estimate of $301.50 million by 4.74%. This is a 13.52% decrease from the same period last year.
August 08, 2023 | 11:05 am
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NEGATIVE IMPACT
Thoughtworks Holding's Q2 earnings and sales missed estimates, indicating a potential negative impact on the company's stock.
Thoughtworks Holding reported lower than expected earnings and sales for Q2, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100