Clever Leaves Holdings Q2 EPS $(0.08) Beats $(0.09) Estimate, Sales $4.98M Miss $5.00M Estimate
Portfolio Pulse from mahesh@benzinga.com
Clever Leaves Holdings (NASDAQ:CLVR) reported Q2 earnings per share (EPS) of $(0.08), beating the analyst consensus estimate of $(0.09) by 11.11%. However, this is a 166.67% decrease over losses from the same period last year. The company's quarterly sales of $4.98 million missed the analyst consensus estimate of $5.00 million by 0.38%, but this is a 21.49% increase over sales from the same period last year.
August 14, 2023 | 8:11 pm
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Clever Leaves Holdings reported better than expected Q2 EPS but missed on sales. The EPS is a significant decrease from last year, while sales increased.
Clever Leaves Holdings reported a better than expected EPS, which could positively impact the stock. However, the company missed on sales and reported a significant decrease in EPS from last year, which could negatively impact the stock. The net effect could be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100