Transact Technologies Q2 Adj EPS $0.22 Beats $0.11 Estimate, Sales $19.91M Beat $19.50M Estimate
Portfolio Pulse from mahesh@benzinga.com
Transact Technologies (NASDAQ:TACT) reported Q2 earnings of $0.22 per share, beating the analyst consensus estimate of $0.11 by 100%. This is a 191.67% increase over losses of $(0.24) per share from the same period last year. The company also reported quarterly sales of $19.91 million, beating the analyst consensus estimate of $19.50 million by 2.08%. This is a 57.70% increase over sales of $12.62 million the same period last year.
August 09, 2023 | 8:52 pm
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POSITIVE IMPACT
Transact Technologies reported strong Q2 earnings and sales, both beating analyst estimates. This positive financial performance could potentially boost the company's stock in the short term.
Transact Technologies reported a significant increase in Q2 earnings and sales compared to the same period last year, and both figures also beat analyst estimates. This strong financial performance indicates the company's robust growth and profitability, which could potentially boost investor confidence and drive up the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100