WeWork Q2 EPS $(0.21) Misses $(0.12) Estimate, Sales $844.00M Miss $850.13M Estimate
Portfolio Pulse from Benzinga Newsdesk
WeWork (NYSE:WE) reported Q2 losses of $(0.21) per share, missing the analyst consensus estimate of $(0.12) by 75 percent. The company also reported quarterly sales of $844.00 million, missing the analyst consensus estimate of $850.13 million by 0.72 percent.
August 08, 2023 | 9:40 pm
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NEGATIVE IMPACT
WeWork's Q2 earnings missed analyst estimates both in terms of losses per share and sales. This could negatively impact investor sentiment.
WeWork's Q2 earnings missed analyst estimates, which could lead to a decrease in investor confidence and potentially a drop in the stock price. The company reported higher losses per share and lower sales than expected, which are negative indicators for the company's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100