Nogin Q2 EPS $(1.13) Misses $(0.90) Estimate, Sales $12.70M Miss $14.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nogin (NASDAQ:NOGN) reported Q2 losses of $(1.13) per share, missing the analyst consensus estimate of $(0.90) by 25.56 percent. The company also reported quarterly sales of $12.70 million, missing the analyst consensus estimate of $14.94 million by 14.99 percent.
August 14, 2023 | 8:06 pm
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NEGATIVE IMPACT
Nogin's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
Nogin's Q2 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term as investors adjust their expectations for the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100