UPDATE: MoneyLion Q2 EPS $(2.71) Misses $(1.70) Estimate, Sales $106.54M Beat $97.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
MoneyLion (NYSE:ML) reported Q2 losses of $(2.71) per share, missing the analyst consensus estimate of $(1.70) by 59.41%. However, the company's quarterly sales of $106.54 million beat the estimate of $97.80 million by 8.94%. This represents a 21.98% increase over sales from the same period last year.
August 08, 2023 | 11:51 am
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NEGATIVE IMPACT
MoneyLion's Q2 earnings per share missed estimates, but sales beat expectations and showed a YoY increase.
MoneyLion's Q2 earnings per share missed the analyst consensus estimate by a significant margin, which could negatively impact the stock price. However, the company's sales beat estimates and showed a year-over-year increase, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100