Kore Group Holdings Q2 EPS $(0.24) Misses $(0.09) Estimate, Sales $69.54M Miss $72.09M Estimate
Portfolio Pulse from saritha@benzinga.com
Kore Group Holdings reported Q2 losses of $(0.24) per share, missing the analyst consensus estimate of $(0.09) by 166.67%. The company also reported quarterly sales of $69.54 million, missing the estimate of $72.09 million by 3.54%. This represents a 60% decrease in earnings and a 1.16% decrease in sales compared to the same period last year.
August 09, 2023 | 8:43 pm
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NEGATIVE IMPACT
Kore Group Holdings reported a larger than expected loss and lower than expected sales for Q2. This could negatively impact the company's stock price in the short term.
Kore Group Holdings reported a larger than expected loss and lower than expected sales for Q2. This underperformance could lead to a decrease in the company's stock price as it indicates that the company is not meeting expectations, which could shake investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100