ON24 Q2 EPS $0.04 Up From $(0.14) YoY, Sales $42.09M Beat $41.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
ON24 reported Q2 earnings of $0.04 per share, a 128.57% increase YoY, and sales of $42.09M, beating the analyst consensus estimate of $41.47M by 1.49%. However, this represents a 12.75% decrease in sales compared to the same period last year.
August 08, 2023 | 9:46 pm
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ON24's Q2 earnings beat estimates, but sales decreased compared to last year.
ON24's earnings beat estimates, which is positive for the stock. However, the decrease in sales compared to last year could be a concern for investors, potentially offsetting the positive earnings news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100