PubMatic Q2 Adj EPS $0.02 Beats $(0.06) Estimate, Sales $63.33M Beat $59.89M Estimate
Portfolio Pulse from sunil@benzinga.com
PubMatic (NASDAQ:PUBM) reported Q2 earnings of $0.02 per share, beating the analyst consensus estimate of $(0.06) by 133.33%. However, this is a 91.3% decrease from the same period last year. The company also reported quarterly sales of $63.33 million, beating the estimate of $59.89 million by 5.74%, a slight increase from last year.
August 08, 2023 | 8:53 pm
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NEUTRAL IMPACT
PubMatic's Q2 earnings and sales beat estimates, but earnings are significantly down YoY. This mixed result could lead to uncertain market reactions.
While PubMatic beat Q2 earnings and sales estimates, the significant YoY decrease in earnings could be a concern for investors. This mixed result could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100