Radius Global Infr Q2 EPS $(0.43) Misses $(0.31) Estimate, Sales $42.48M Miss $42.95M Estimate
Portfolio Pulse from Benzinga Newsdesk
Radius Global Infrastructure (NASDAQ:RADI) reported Q2 losses of $(0.43) per share, missing the analyst consensus estimate of $(0.31) by 38.71%. The company also reported quarterly sales of $42.48 million, missing the estimate of $42.95 million by 1.11%. This represents a 115% increase in losses and a 30.42% increase in sales compared to the same period last year.
August 09, 2023 | 9:20 pm
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NEGATIVE IMPACT
Radius Global Infrastructure reported higher than expected losses and lower than expected sales for Q2. This could negatively impact the company's stock in the short term.
Radius Global Infrastructure reported Q2 losses of $(0.43) per share, missing the analyst consensus estimate of $(0.31) by 38.71%. The company also reported quarterly sales of $42.48 million, missing the estimate of $42.95 million by 1.11%. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100