DoubleDown Interactive Q2 EPS $0.49 Beats $0.41 Estimate, Sales $75.19M Miss $77.49M Estimate
Portfolio Pulse from totan@benzinga.com
DoubleDown Interactive (NASDAQ:DDI) reported Q2 earnings of $0.49 per share, beating the analyst consensus estimate of $0.41 by 19.51%. However, the company's quarterly sales of $75.19 million missed the analyst consensus estimate of $77.49 million by 2.97%. This represents a 6.68% decrease over sales of $80.57 million the same period last year.
August 08, 2023 | 8:37 pm
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DoubleDown Interactive's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
DoubleDown Interactive's earnings beat could boost investor confidence, but the sales miss might raise concerns about the company's revenue growth. This could lead to mixed market reactions in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100