LuxUrban Hotels Q2 EPS $(0.78) Misses $0.04 Estimate, Sales $31.86M Beat $29.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
LuxUrban Hotels (NASDAQ:LUXH) reported Q2 losses of $(0.78) per share, missing the analyst consensus estimate of $0.04 by 2050 percent. However, the company reported quarterly sales of $31.86 million, beating the analyst consensus estimate of $29.61 million by 7.60 percent.
August 08, 2023 | 9:40 pm
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LuxUrban Hotels reported a significant miss on Q2 earnings per share but beat sales estimates. This mixed report may lead to uncertainty in the market.
LuxUrban Hotels reported a significant miss on earnings per share, which is a key indicator of a company's profitability. This could negatively impact the stock price. However, the company beat sales estimates, which could offset some of the negative impact. The net effect on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100