Urban-gro Q2 EPS $(0.50) Misses $(0.28) Estimate, Sales $18.84M Miss $19.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Urban-gro (NASDAQ:UGRO) reported Q2 losses of $(0.50) per share, missing the analyst consensus estimate of $(0.28) by 78.57%. This is a 194.12% decrease over losses of $(0.17) per share from the same period last year. The company also reported quarterly sales of $18.84 million, missing the analyst consensus estimate of $19.02 million by 0.96%. However, this is a 15.69% increase over sales of $16.28 million the same period last year.
August 14, 2023 | 8:10 pm
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Urban-gro's Q2 earnings missed estimates, with a larger than expected loss per share and slightly lower sales. This could negatively impact the stock in the short term.
Urban-gro's Q2 earnings missed both EPS and sales 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.
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