Ebix Q2 Adj EPS $0.23 Misses $0.24 Estimate, Sales $118.43M Miss $197.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ebix reported Q2 earnings of $0.23 per share, missing the analyst consensus estimate of $0.24 by 4.17%. The company's quarterly sales were $118.43 million, missing the analyst consensus estimate of $197.88 million by 40.15%. This represents a 69.33% decrease in earnings and a 52.78% decrease in sales compared to the same period last year.
August 09, 2023 | 12:45 pm
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NEGATIVE IMPACT
Ebix's Q2 earnings and sales fell short of analyst estimates, marking a significant decrease compared to the same period last year.
Ebix's Q2 earnings and sales missed analyst estimates, which is likely to negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100