NextNav Q2 EPS $(0.15) Misses $(0.14) Estimate, Sales $800.00K Miss $990.00K Estimate
Portfolio Pulse from vinayak@benzinga.com
NextNav (NASDAQ:NN) reported Q2 losses of $(0.15) per share, missing the analyst consensus estimate of $(0.14) by 7.14 percent. This is a 1600 percent decrease over earnings of $0.01 per share from the same period last year. The company also reported quarterly sales of $800.00 thousand, missing the analyst consensus estimate of $990.00 thousand by 19.19 percent, a 43.70 percent decrease over sales of $1.42 million the same period last year.
August 09, 2023 | 8:48 pm
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NextNav's Q2 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact the company's stock price in the short term.
NextNav's Q2 earnings and sales missed analyst estimates, and both showed significant decreases compared to the same period last year. This underperformance is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100