Tigo Energy Q2 Adj EPS $0.24, Inline, Sales $68.83M Miss $71.93M Estimate
Portfolio Pulse from totan@benzinga.com
Tigo Energy (NASDAQ:TYGO) reported Q2 earnings of $0.24 per share, in line with analyst consensus. However, the company's quarterly sales of $68.83 million missed the analyst consensus estimate of $71.93 million by 4.32 percent.
August 08, 2023 | 9:05 pm
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NEGATIVE IMPACT
Tigo Energy's Q2 earnings met expectations, but sales fell short of estimates by 4.32%.
Tigo Energy's earnings were in line with expectations, which is positive. However, the company's sales missed estimates by 4.32%, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100