Heritage Glb Q2 EPS $0.07, Inline, Sales $13.10M Miss $14.09M Estimate
Portfolio Pulse from vinayak@benzinga.com
Heritage Glb (NASDAQ:HGBL) reported Q2 earnings of $0.07 per share, in line with analyst consensus. However, the company's quarterly sales of $13.10 million missed the analyst consensus estimate of $14.09 million by 7.04 percent. This represents an 18.37 percent increase over sales from the same period last year.
August 10, 2023 | 8:19 pm
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NEGATIVE IMPACT
Heritage Glb's Q2 earnings met expectations, but sales fell short of analyst estimates. This could potentially impact investor sentiment.
While Heritage Glb's earnings were in line with expectations, the company's sales missed analyst estimates by 7.04%. This could potentially lead to a negative short-term impact on the stock as it indicates that the company's revenue generation is not as strong as expected.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100