ATA Creativity Glb Q2 Adj EPS $(0.08) Beats $(0.21) Estimate, Sales $5.00M Down From $5.08M YoY
Portfolio Pulse from mahesh@benzinga.com
ATA Creativity Glb (NASDAQ:AACG) reported Q2 losses of $(0.08) per share, beating the analyst consensus estimate of $(0.21) by 61.9%. This is a 20% increase over losses from the same period last year. The company reported $5.00 million in sales, a 1.67% decrease from $5.08 million the same period last year.
August 10, 2023 | 9:07 pm
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NEUTRAL IMPACT
ATA Creativity Glb reported better than expected Q2 losses and a slight decrease in sales YoY.
While ATA Creativity Glb reported better than expected losses for Q2, the decrease in sales YoY might offset the positive impact of the earnings beat. Therefore, the short term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100