Airspan Networks Hldgs Q2 EPS $(0.45) Misses $(0.30) Estimate, Sales $32.12M Beat $25.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Airspan Networks Hldgs (AMEX:MIMO) reported Q2 losses of $(0.45) per share, missing the analyst consensus estimate of $(0.30) by 50%. This is a 55.17% decrease over losses from the same period last year. However, the company reported quarterly sales of $32.12 million, beating the analyst consensus estimate of $25.40 million by 26.47%. This is a 31.57% decrease over sales from the same period last year.
August 09, 2023 | 9:30 pm
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Airspan Networks reported a larger than expected Q2 loss but beat sales estimates. This mixed result could lead to uncertainty in the market.
Airspan Networks reported a larger than expected loss for Q2, which is negative for the stock. However, they beat sales estimates, which is positive. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100