Energous Q2 Adj EPS $(0.06) Beats $(0.07) Estimate, Sales $117.13K Miss $220.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Energous (NASDAQ:WATT) reported Q2 adjusted losses of $(0.06) per share, beating the analyst consensus estimate of $(0.07) by 14.29%. However, the company's quarterly sales of $117.13K missed the analyst consensus estimate of $220.00K by 46.76%, marking a 49.72% decrease from the same period last year.
August 15, 2023 | 10:56 am
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Energous' Q2 earnings beat estimates but sales significantly missed expectations and decreased YoY. This mixed result could lead to volatility in the stock's price.
Energous reported better than expected Q2 earnings but significantly missed sales estimates, which decreased compared to the same period last year. This mixed result could lead to uncertainty and volatility in the stock's price in the short term.
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