Neonode Q2 EPS $(0.10) Up From $(0.11) YoY, Sales $1.20M Miss $2.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Neonode (NASDAQ:NEON) reported Q2 earnings per share (EPS) of $(0.10), a 9.09% increase YoY. However, the company's quarterly sales of $1.20 million missed the analyst consensus estimate of $2.00 million by 40.00%, marking a 5.29% decrease YoY.
August 10, 2023 | 1:18 pm
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NEGATIVE IMPACT
Neonode's Q2 earnings improved YoY, but sales missed estimates significantly, which could negatively impact the stock in the short term.
While Neonode's Q2 EPS improved YoY, the company's sales fell short of estimates by a significant 40%. This underperformance in sales could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100