BlackSky Technology Q2 EPS $(0.24) Misses $(0.12) Estimate, Sales $19.33M Miss $20.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
BlackSky Technology (NYSE:BKSY) reported Q2 losses of $(0.24) per share, missing the analyst consensus estimate of $(0.12) by 100%. This is a 9.09% decrease over losses from the same period last year. The company also reported quarterly sales of $19.33 million, missing the analyst consensus estimate of $20.55 million by 5.94%. However, this is a 28.00% increase over sales from the same period last year.
August 09, 2023 | 11:05 am
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NEGATIVE IMPACT
BlackSky Technology's Q2 earnings missed estimates, with a larger loss per share and lower sales than expected. This could negatively impact the company's stock in the short term.
BlackSky Technology reported larger losses and lower sales than expected for Q2. This underperformance compared to estimates could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100