GSE Systems Q2 EPS $(0.06) Beats $(0.11) Estimate, Sales $12.39M Beat $11.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
GSE Systems (NASDAQ:GVP) reported Q2 losses of $(0.06) per share, beating the analyst consensus estimate of $(0.11) by 45.45%. The company also reported quarterly sales of $12.39 million, surpassing the analyst consensus estimate of $11.47 million by 7.99%. However, this represents a 2.81% decrease over sales of $12.74 million the same period last year.
August 14, 2023 | 8:13 pm
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POSITIVE IMPACT
GSE Systems reported better than expected Q2 earnings and sales, which could positively impact its stock price in the short term. However, the decrease in sales compared to the same period last year might temper this positive impact.
GSE Systems reported better than expected Q2 earnings and sales, which is generally a positive signal for investors and could lead to an increase in the stock price. However, the fact that sales decreased compared to the same period last year might be a concern for some investors, potentially tempering the positive impact of the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100