Forian Q2 EPS $(0.03) Beats $(0.05) Estimate, Sales $4.89M Miss $5.10M Estimate
Portfolio Pulse from vinayak@benzinga.com
Forian (NASDAQ:FORA) reported Q2 losses of $(0.03) per share, beating the analyst consensus estimate of $(0.05) by 40 percent. However, the company's quarterly sales of $4.89 million missed the analyst consensus estimate of $5.10 million by 4.06 percent.
August 10, 2023 | 8:05 pm
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Forian's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Forian's Q2 earnings per share beat analyst estimates, which is positive news for the company. However, their sales missed estimates, which is negative. These mixed results could lead to uncertainty and varied reactions in the market, potentially impacting the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100