Movella Holdings Q2 Adj EPS $(0.12), Inline, Sales $8.36M Miss $9.06M Estimate
Portfolio Pulse from sunil@benzinga.com
Movella Holdings (NASDAQ:MVLA) reported Q2 losses of $(0.12) per share, in line with analyst consensus. However, the company's quarterly sales of $8.36 million missed the analyst consensus estimate of $9.06 million by 7.74 percent, marking a 2.54 percent decrease over sales of $8.58 million the same period last year.
August 09, 2023 | 9:05 pm
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Movella Holdings reported Q2 earnings per share in line with estimates, but missed sales estimates by 7.74%. This represents a 2.54% decrease in sales compared to the same period last year.
Movella Holdings' Q2 earnings report shows a miss on sales estimates, which is a negative signal to investors. This, coupled with a decrease in sales compared to the same period last year, could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100