OneConnect Financial Tech Q2 EPADS $(0.32) Misses $(0.30) Estimate, Sales $139.01M Beat $138.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
OneConnect Financial Tech (NYSE:OCFT) reported Q2 losses of $(0.32) per share, missing the analyst consensus estimate of $(0.30) by 7 percent. However, this is a 67.9 percent increase over losses from the same period last year. The company's quarterly sales of $139.01 million beat the analyst consensus estimate of $138.35 million by 0.47 percent, despite a 19.07 percent decrease from the same period last year.
August 16, 2023 | 10:03 am
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NEUTRAL IMPACT
OneConnect Financial Tech's Q2 results showed mixed performance with earnings missing estimates but sales beating expectations. The company's losses have improved significantly compared to last year, but sales have decreased.
OneConnect Financial Tech's Q2 results showed a miss on earnings but a beat on sales. While the company's losses have improved significantly compared to the same period last year, sales have decreased. This mixed performance could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100