Sarcos Technology Q2 Adj EPS $(0.86) Misses $(0.71) Estimate, Sales $1.28M Miss $2.10M Estimate
Portfolio Pulse from totan@benzinga.com
Sarcos Technology reported Q2 adjusted EPS of $(0.86), missing the estimate of $(0.71) by 21.13%. The company also reported quarterly sales of $1.28M, missing the estimate of $2.10M by 39.19%. This represents a 19.44% decrease in EPS and a 57.97% decrease in sales compared to the same period last year.
August 09, 2023 | 8:09 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sarcos Technology's Q2 results missed estimates, with a larger loss per share and lower sales than expected. This could negatively impact the company's stock price in the short term.
Sarcos Technology reported larger losses and lower sales than expected for Q2. This underperformance could lead to a decrease in the company's stock price as it indicates potential financial instability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100