CORRECTION: Near Intelligence Q2 Adj $(0.19) Beats $(0.35) Estimate, Sales $17.71M Beat $17.51M Estimate
Portfolio Pulse from Happy Mohamed
Near Intelligence (NASDAQ:NIR) reported Q2 losses of $(0.19) per share, beating the analyst consensus estimate of $(0.35) by 45.71%. The company also reported quarterly sales of $17.71M, beating the estimate of $17.51M by 1.14%. This represents a 19.34% increase over sales of $14.84M the same period last year.
August 14, 2023 | 9:54 pm
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POSITIVE IMPACT
Near Intelligence's Q2 results exceeded analyst estimates, with a smaller loss and higher sales than expected. This could positively impact the company's stock in the short term.
Near Intelligence's better-than-expected Q2 results, both in terms of EPS and sales, are likely to be viewed positively by investors. This could lead to an increase in demand for the company's stock, potentially driving its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100