Arbe Robotics Q2 Adj. EPS $(0.16) Misses $(0.15) Estimate, Sales $289.00K Miss $460.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Arbe Robotics reported Q2 losses of $(0.23) per share, missing the analyst consensus estimate of $(0.15) by 53.33%. The company's quarterly sales were $289.00K, missing the estimate of $460.00K by 37.17%. This represents a 27.78% decrease in EPS and a 76.62% decrease in sales compared to the same period last year.
August 09, 2023 | 10:57 am
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NEGATIVE IMPACT
Arbe Robotics reported a larger than expected loss and lower than expected sales for Q2. This could negatively impact the company's stock price.
Arbe Robotics reported a larger than expected loss and lower than expected sales for Q2. This is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100