ClearOne Q2 EPS $(0.04), Same YoY, Sales $5.48M Down From $7.38M YoY
Portfolio Pulse from Benzinga Newsdesk
ClearOne (NASDAQ:CLRO) reported Q2 earnings per share of $(0.04), unchanged from the same period last year. However, sales decreased by 25.65% to $5.48 million from $7.38 million YoY.
August 10, 2023 | 1:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ClearOne's Q2 earnings per share remained the same as last year, but sales decreased by 25.65% YoY.
ClearOne's earnings per share remained the same as last year, indicating no growth in profitability. Additionally, the significant decrease in sales suggests a potential decline in the company's market share or demand for its products, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100