Charge Enterprises Q2 EPS $(0.04) Beats $(0.06) Estimate, Sales $147.59M Miss $182.53M Estimate
Portfolio Pulse from bharat@benzinga.com
Charge Enterprises (NASDAQ:CRGE) reported Q2 EPS of $(0.04), beating the estimate of $(0.06) by 33.33%. However, the company's sales of $147.59M missed the estimate of $182.53M by 19.14%. Compared to the same period last year, EPS increased by 85.19% while sales decreased by 18.48%.
August 14, 2023 | 11:10 am
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Charge Enterprises reported better than expected Q2 EPS but missed on sales. EPS increased by 85.19% YoY, while sales decreased by 18.48% YoY.
Charge Enterprises reported a better than expected EPS, which is a positive signal for investors. However, the company missed on sales, which could be a concern. The YoY increase in EPS and decrease in sales might balance each other out, leading to a neutral short term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100