Purple Innovation Q2 EPS $(0.20) Misses $(0.11) Estimate, Sales $120.90M Miss $132.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Purple Innovation (NASDAQ:PRPL) reported Q2 losses of $(0.20) per share, missing the analyst consensus estimate of $(0.11) by 81.82%. The company also reported quarterly sales of $120.90 million, missing the analyst consensus estimate of $132.35 million by 8.65%. This represents a decrease in both earnings and sales compared to the same period last year.
August 09, 2023 | 8:27 pm
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Purple Innovation's Q2 results missed estimates, with a larger loss per share and lower sales than expected. This could negatively impact the company's stock in the short term.
Purple Innovation's Q2 results were below expectations, with a larger loss per share and lower sales than anticipated. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100