Origin Mat Q2 EPS $(0.05) Beats $(0.12) Estimate, Sales $6.90M Miss $7.03M Estimate
Portfolio Pulse from saritha@benzinga.com
Origin Mat (NASDAQ:ORGN) reported Q2 losses of $(0.05) per share, beating the analyst consensus estimate of $(0.12) by 58.33%. However, the company's quarterly sales of $6.90 million missed the analyst consensus estimate of $7.03 million by 1.88%. This represents a 115.15% decrease in earnings from the same period last year.
August 09, 2023 | 8:08 pm
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NEGATIVE IMPACT
Origin Mat's Q2 earnings beat estimates but sales missed, indicating mixed performance. The significant YoY decrease in earnings could negatively impact investor sentiment.
Origin Mat's earnings beat estimates, which is generally a positive signal. However, the miss on sales and the significant year-over-year decrease in earnings could be seen as negative indicators, potentially leading to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100