Azul Q2 EPS $(0.81) Misses $(0.61) Estimate, Sales $859.69M Miss $916.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Azul (NYSE:AZUL) reported Q2 losses of $(0.81) per share, missing the analyst consensus estimate of $(0.61) by 32.79%. The company also reported quarterly sales of $859.69 million, missing the analyst consensus estimate of $916.55 million by 6.20%. However, both losses and sales show an increase compared to the same period last year.
August 10, 2023 | 12:55 pm
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NEGATIVE IMPACT
Azul's Q2 earnings missed analyst estimates, which could negatively impact the stock in the short term.
Azul's Q2 earnings fell short of analyst expectations, both in terms of EPS and sales. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100