KVH Industries Q2 EPS $0.05 Misses $0.06 Estimate, Sales $34.17M Miss $37.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
KVH Industries reported Q2 earnings of $0.05 per share, missing the analyst consensus estimate of $0.06 by 16.67%. The company's quarterly sales were $34.17 million, missing the estimate of $37.39 million by 8.61%. This represents a 400% increase in earnings but a 1.11% decrease in sales compared to the same period last year.
August 09, 2023 | 11:06 am
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NEGATIVE IMPACT
KVH Industries' Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
KVH Industries reported lower than expected earnings and sales for Q2. This underperformance could lead to a decrease in the company's stock price as it indicates potential financial instability or slower growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100