PEDEVCO Q2 EPS $0.04, Inline, Sales $10.91M Beat $9.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
PEDEVCO reported Q2 earnings of $0.04 per share, in line with analyst consensus. The company's quarterly sales of $10.91 million beat the analyst consensus estimate of $9.50 million by 14.84 percent, a 14.28 percent increase from the same period last year.
August 14, 2023 | 9:19 pm
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POSITIVE IMPACT
PEDEVCO's Q2 earnings met expectations and sales exceeded estimates, indicating a positive financial performance.
PEDEVCO's earnings were in line with expectations, which is generally a positive sign. However, the company's sales exceeded estimates by a significant margin, which is likely to be viewed very positively by investors. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100