Velo3D Q2 EPS $(0.10) Misses $(0.08) Estimate, Sales $25.00M Miss $27.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Velo3D (NYSE:VLD) reported Q2 losses of $(0.10) per share, missing the analyst consensus estimate of $(0.08) by 25 percent. The company's quarterly sales were $25.00 million, missing the analyst consensus estimate of $27.25 million by 8.26 percent. However, this represents a 27.27 percent increase over sales of $19.64 million the same period last year.
August 10, 2023 | 8:08 pm
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NEGATIVE IMPACT
Velo3D's Q2 earnings missed estimates, which could negatively impact the stock price in the short term. However, the YoY increase in sales could mitigate this impact.
Velo3D's Q2 earnings missed analyst estimates, which is typically a negative signal for investors and could lead to a decrease in the stock price. However, the significant YoY increase in sales could be seen as a positive sign of growth, potentially offsetting some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100