Angi Q2 EPS $(0.03) Misses $(0.02) Estimate, Sales $375.07M Miss $402.71M Estimate
Portfolio Pulse from Benzinga Newsdesk
Angi reported Q2 losses of $(0.03) per share, missing the analyst consensus estimate of $(0.02) by 50%. The company's quarterly sales were $375.07 million, missing the estimate of $402.71 million by 6.86%. This represents a 27.28% decrease over sales from the same period last year.
August 08, 2023 | 8:21 pm
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NEGATIVE IMPACT
Angi's Q2 earnings missed analyst estimates, with a larger loss per share and lower sales than expected.
Angi's Q2 earnings report shows a larger loss per share and lower sales than analysts expected. This could 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