Luna Innovations Q2 EPS $0.04 Misses $0.05 Estimate, Sales $29.16M Miss $29.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Luna Innovations reported Q2 earnings of $0.04 per share, missing the analyst consensus estimate of $0.05 by 20%. The company's quarterly sales were $29.16 million, missing the estimate of $29.73 million by 1.90%. However, both earnings and sales increased compared to the same period last year.
August 10, 2023 | 8:09 pm
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NEGATIVE IMPACT
Luna Innovations missed Q2 earnings and sales estimates, but showed an increase compared to the same period last year.
Luna Innovations missed the analyst consensus for both earnings per share and sales, which could negatively impact the stock price in the short term. However, the company showed an improvement compared to the same period last year, which could mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100