Advanced Emissions Solns Q2 EPS $(0.21) Misses $(0.16) Estimate, Sales $20.45M Beat $17.30M Estimate
Portfolio Pulse from sunil@benzinga.com
Advanced Emissions Solutions (NASDAQ:ADES) reported Q2 losses of $(0.21) per share, missing the analyst consensus estimate of $(0.16) by 31.25%. This is a 950% increase in losses from the same period last year. However, the company's quarterly sales of $20.45 million beat the analyst consensus estimate of $17.30 million by 18.18%, despite being a 17.36% decrease from last year's sales.
August 09, 2023 | 9:10 pm
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Advanced Emissions Solutions reported a larger than expected loss for Q2, but beat sales estimates. This mixed result could lead to uncertainty in the market.
The company reported a larger than expected loss, which is a negative signal. However, it beat sales estimates, which is a positive signal. These mixed signals could lead to uncertainty in the market, making it difficult to predict the short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100