Inuvo Q2 EPS $(0.03) Beats $(0.05) Estimate, Sales $16.65M Beat $13.60M Estimate
Portfolio Pulse from mahesh@benzinga.com
Inuvo (AMEX:INUV) reported Q2 losses of $(0.03) per share, beating the analyst consensus estimate of $(0.05) by 40%. The company also reported quarterly sales of $16.65 million, surpassing the analyst consensus estimate of $13.60 million by 22.43%. However, this represents a 26.49% decrease over sales of $22.65 million from the same period last year.
August 10, 2023 | 8:53 pm
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NEUTRAL IMPACT
Inuvo's Q2 earnings beat analyst estimates for both EPS and sales. However, sales are down 26.49% compared to the same period last year.
Inuvo's better-than-expected Q2 results could potentially boost investor confidence. However, the significant YoY decrease in sales might offset this positive sentiment, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100