Edgio Q1 EPS $(0.09) Misses $(0.06) Estimate, Sales $101.90M Miss $107.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Edgio (NASDAQ:EGIO) reported Q1 losses of $(0.09) per share, missing the analyst consensus estimate of $(0.06) by 50%. The company also reported quarterly sales of $101.90 million, missing the analyst consensus estimate of $107.75 million by 5.43%. This represents a 125% increase in losses and a 75.81% increase in sales compared to the same period last year.
August 15, 2023 | 12:38 pm
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NEGATIVE IMPACT
Edgio's Q1 earnings missed estimates, with a 50% greater loss per share and a 5.43% lower sales than expected. This could negatively impact the company's stock in the short term.
Edgio's Q1 earnings missed analyst estimates by a significant margin, both in terms of EPS and sales. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100