TaskUs Q2 Adj $0.32 Beats $0.30 Estimate, Sales $229.17M Beat $226.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
TaskUs (NASDAQ:TASK) reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.30 by 6.67%. However, this is a 15.79% decrease from the same period last year. The company also reported quarterly sales of $229.17 million, beating the estimate of $226.69 million by 1.09%, but this is a 7.02% decrease from the same period last year.
August 09, 2023 | 8:13 pm
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NEUTRAL IMPACT
TaskUs beat Q2 earnings and sales estimates, but both figures decreased compared to the same period last year.
While TaskUs beat the estimates for Q2 earnings and sales, the year-over-year decrease in both figures could potentially offset the positive impact of beating estimates. This mixed result makes the short-term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100