WiSA Technologies Q2 EPS $(1.20) Beats $(1.62) Estimate, Sales $425.00K Miss $650.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
WiSA Technologies reported Q2 losses of $(1.20) per share, beating the analyst consensus estimate of $(1.62) by 25.93%. However, the company's quarterly sales of $425.00 thousand missed the analyst consensus estimate of $650.00 thousand by 34.62%. This represents a 55.07% decrease over sales from the same period last year.
August 15, 2023 | 10:09 am
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NEUTRAL IMPACT
WiSA Technologies reported better than expected Q2 EPS but missed on sales. This could have a mixed impact on the stock.
While the company beat EPS estimates, which is generally positive for the stock, it missed on sales, which is generally negative. The net impact could be neutral as investors weigh the two factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100