American Res Q2 Adj $(0.09) Misses $(0.04) Estimate, Sales $1.98M Miss $18.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Res (NASDAQ:AREC) reported Q2 losses of $(0.09) per share, missing the analyst consensus estimate of $(0.04) by 125%. The company also reported quarterly sales of $1.98 million, missing the analyst consensus estimate of $18.30 million by 89.17%. This represents a significant decrease in both earnings and sales compared to the same period last year.
August 14, 2023 | 8:56 pm
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NEGATIVE IMPACT
American Res reported a significant miss in both earnings and sales for Q2, which could negatively impact the stock in the short term.
American Res reported a larger than expected loss and a significant miss in sales for Q2. This negative news is likely to put downward pressure on the stock in the short term as it indicates the company is underperforming expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100