AvePoint Q2 EPS $(0.07) Misses $0.01 Estimate, Sales $64.87M Beat $61.78M Estimate
Portfolio Pulse from vinayak@benzinga.com
AvePoint (NASDAQ:AVPT) reported Q2 losses of $(0.07) per share, missing the analyst consensus estimate of $0.01 by 800 percent. This is a 40 percent decrease over losses from the same period last year. However, the company reported quarterly sales of $64.87 million, beating the analyst consensus estimate of $61.78 million by 5.00 percent, a 16.46 percent increase over sales from the same period last year.
August 09, 2023 | 8:17 pm
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NEUTRAL IMPACT
AvePoint's Q2 earnings per share missed estimates by 800%, but sales beat estimates by 5%. This mixed result could lead to uncertainty in the market.
AvePoint's Q2 earnings per share missed estimates significantly, which could negatively impact the stock. However, the company's sales beat estimates, which could have a positive impact. The mixed results could lead to uncertainty in the market, potentially causing short-term volatility in the stock price.
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