Ouster Q2 Adj EPS $(1.44) Beats $(1.45) Estimate, Sales $19.40M Beat $19.32M Estimate
Portfolio Pulse from totan@benzinga.com
Ouster (NYSE:OUST) reported Q2 adjusted EPS of $(1.44), beating the estimate of $(1.45) by 0.69%. This is a 10% increase over losses from the same period last year. The company also reported quarterly sales of $19.40M, beating the estimate of $19.32M by 0.39%. This is an 87.78% increase over sales from the same period last year.
August 10, 2023 | 8:22 pm
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POSITIVE IMPACT
Ouster's Q2 results beat estimates, with a 10% YoY increase in EPS and an 87.78% YoY increase in sales. This could potentially lead to a positive market reaction.
Ouster's Q2 results exceeded analyst estimates, with both EPS and sales showing significant YoY growth. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100