NeoGames Q2 Sales $47.91M Miss $59.90M Estimate
Portfolio Pulse from mahesh@benzinga.com
NeoGames (NASDAQ:NGMS) reported Q2 sales of $47.91 million, missing the analyst consensus estimate of $59.90 million by 20.02 percent. However, this represents a 127.57 percent increase over sales of $21.05 million in the same period last year.
August 09, 2023 | 9:38 pm
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NeoGames' Q2 sales missed analyst estimates by 20.02%, but showed a significant YoY increase of 127.57%.
NeoGames' Q2 sales missed the analyst consensus estimate by a significant margin, which could negatively impact investor sentiment and the stock price in the short term. However, the strong YoY growth might mitigate some of this negative impact.
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