Telos Q2 EPS $(0.03) Beats $(0.13) Estimate, Sales $32.90M Beat $29.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Telos (NASDAQ:TLS) reported Q2 earnings per share of $(0.03), beating the analyst consensus estimate of $(0.13) by 76.92%. This is a 175% decrease from the same period last year. The company also reported quarterly sales of $32.90 million, beating the analyst consensus estimate of $29.97 million by 9.78%. This is a 41.03% decrease from the same period last year.
August 09, 2023 | 12:05 pm
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NEUTRAL IMPACT
Telos reported better than expected Q2 earnings and sales, but both figures are significantly lower than the same period last year.
While Telos beat analyst estimates for Q2, the significant decrease in both earnings and sales compared to the same period last year could have a neutral impact on the stock. Investors may be pleased with the beat, but concerned about the year-over-year decrease.
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