Taboola.com Q2 Adj. EPS $(0.00) Beats $(0.05) Estimate, Sales $332.00M Beat $315.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Taboola.com (NASDAQ:TBLA) reported Q2 earnings of $0.00 per share, beating the analyst consensus estimate of $(0.05) by 106 percent. This is a 95 percent decrease from last year's earnings. The company also reported quarterly sales of $332.00 million, beating the analyst consensus estimate of $315.44 million by 5.25 percent, but a 3.12 percent decrease from last year's sales.
August 09, 2023 | 10:25 am
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NEUTRAL IMPACT
Taboola.com's Q2 earnings and sales beat estimates, but both decreased compared to the same period last year.
While Taboola.com beat analyst estimates for Q2 earnings and sales, the decrease in both compared to the same period last year could potentially offset any positive impact. The market's reaction will likely depend on whether investors focus more on the beat or the year-over-year decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100