CORRECTION: 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 adjusted EPS of $(0.16), missing the estimate of $(0.15) by 6.67%. The company's quarterly sales were $289.00K, missing the estimate of $460.00K by 37.17%. This represents a 76.62% decrease in sales compared to the same period last year.
August 09, 2023 | 11:34 am
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Arbe Robotics' Q2 earnings and sales missed estimates, with sales down 76.62% YoY.
Arbe Robotics reported lower than expected earnings and sales for Q2. This underperformance, coupled with a significant YoY decrease in sales, is likely to negatively impact the company's stock price in the short term.
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