RCM Technologies Q2 EPS $0.47 Beats $0.45 Estimate, Sales $67.03M Beat $66.89M Estimate
Portfolio Pulse from mahesh@benzinga.com
RCM Technologies (NASDAQ:RCMT) reported Q2 earnings of $0.47 per share, beating the analyst consensus estimate of $0.45 by 4.44%. However, this is a 17.54% decrease from the same period last year. The company also reported quarterly sales of $67.03 million, beating the estimate of $66.89 million by 0.22%, but this is a 9.83% decrease from last year.
August 09, 2023 | 9:03 pm
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NEUTRAL IMPACT
RCM Technologies reported better than expected Q2 earnings and sales, but both figures are down from the same period last year.
While RCM Technologies beat the estimates for Q2 earnings and sales, the fact that both figures are down from the same period last year could have a neutral impact on the stock. Investors may be pleased with the beat, but concerned about the year-over-year decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100