Energous Q2 Adj EPS $(0.06) Beats $(0.07) Estimate, Sales $117.13K Miss $220.00K Estimate
Portfolio Pulse from mahesh@benzinga.com
Energous (NASDAQ:WATT) reported Q2 adjusted EPS of $(0.06), beating the estimate of $(0.07) by 14.29%. However, the company's sales of $117.13K missed the estimate of $220.00K by 46.76%. This represents a 49.72% decrease in sales compared to the same period last year.
August 10, 2023 | 8:50 pm
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Energous reported better than expected Q2 EPS but missed on sales, which decreased significantly YoY.
Energous reported a better than expected EPS, which is a positive signal. However, the company's sales missed estimates and decreased significantly compared to the same period last year. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100