IDEX Biometrics Q2 EPS $(0.01) Beats $(0.39) Estimate, Sales $1.46M Miss $1.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
IDEX Biometrics (NASDAQ:IDBA) reported Q2 earnings per share of $(0.01), beating the analyst consensus estimate of $(0.39) by 97.44%. However, the company's quarterly sales of $1.46 million missed the analyst consensus estimate of $1.60 million by 8.56%. This represents a 32.04% increase in sales compared to the same period last year.
August 10, 2023 | 7:16 am
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NEUTRAL IMPACT
IDEX Biometrics reported better than expected Q2 earnings but missed on sales. This mixed report may lead to volatility in the stock price.
IDEX Biometrics reported a significant beat on earnings per share, which is a positive signal for investors. However, the company missed on sales, which could be a concern. This mixed report may lead to short-term volatility in the stock price as the market digests the news.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100