Phunware Q2 EPS $(0.06), Inline, Sales $3.49M Miss $4.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Phunware (NASDAQ:PHUN) reported Q2 earnings per share of $(0.06), in line with analyst consensus. However, the company's quarterly sales of $3.49 million missed the analyst consensus estimate of $4.87 million by 28.40 percent. This represents a 36.43 percent decrease from the same period last year.
August 10, 2023 | 8:06 pm
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Phunware's Q2 earnings met expectations, but sales significantly missed estimates and decreased YoY.
Phunware's earnings per share met analyst expectations, which is a positive signal. However, the company's sales missed estimates by a significant margin and decreased compared to the same period last year. This could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100