Alpha Teknova Q2 EPS $(0.25) Beats $(0.28) Estimate, Sales $11.53M Beat $9.72M Estimate
Portfolio Pulse from bharat@benzinga.com
Alpha Teknova (NASDAQ:TKNO) reported Q2 losses of $(0.25) per share, beating the analyst consensus estimate of $(0.28) by 10.71%. This is a 13.64% decrease over losses from the same period last year. The company also reported quarterly sales of $11.53 million, beating the analyst consensus estimate of $9.72 million by 18.59%. However, this is a 1.39% decrease over sales from the same period last year.
August 10, 2023 | 8:11 pm
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Alpha Teknova's Q2 results beat analyst estimates, but represent a decrease from the same period last year. This mixed performance may lead to uncertain short-term price movements.
Alpha Teknova's Q2 results exceeded analyst expectations, which could be a positive signal to investors and potentially drive the stock price up. However, the fact that both earnings and sales decreased compared to the same period last year might concern some investors, potentially putting downward pressure on the stock. Therefore, the short-term impact on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100