Similarweb Q2 EPS $(0.04) Beats $(0.07) Estimate, Sales $53.68M Miss $53.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Similarweb reported Q2 earnings per share (EPS) of $(0.04), beating the analyst consensus estimate of $(0.07) by 42.86%. However, the company's quarterly sales of $53.68M missed the estimate of $53.74M by 0.11%. The EPS is an 84.62% increase from the same period last year, and the sales represent a 12.81% increase from last year.
August 08, 2023 | 9:38 pm
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Similarweb's Q2 earnings beat estimates but sales missed, indicating mixed performance.
Similarweb's Q2 earnings beat analyst estimates, which could positively impact the stock. However, the company's sales missed estimates, which could have a negative effect. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100