Telos Shares Gain On Topping Q2 Estimates
Portfolio Pulse from Akanksha Bakshi
Telos Corp (NASDAQ:TLS) reported a Q2 FY23 revenue decline of 41% YoY to $32.91 million, beating the consensus of $29.97 million. Services revenue decreased 42.4% YoY, and Products was down 28.2% YoY. Adjusted EPS loss was $(0.03), down from EPS of $0.04 in 2Q22, beating the consensus loss of $(0.13). Telos revised its FY23 outlook for revenue to $122 million - $137 Million from $115 million - $140 million. TLS shares traded higher by 9.17% at $2.51 on the last check Wednesday.
August 09, 2023 | 4:50 pm
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Telos Corp reported a Q2 FY23 revenue decline but beat the consensus. The company also revised its FY23 revenue outlook. TLS shares traded higher by 9.17%.
Telos Corp reported a decline in Q2 FY23 revenue but managed to beat the consensus, which is a positive signal to investors. The company also revised its FY23 revenue outlook, indicating potential future growth. This news led to a rise in TLS shares, suggesting a positive short-term impact.
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IMPORTANCE 80
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