UPDATE: Freightos Q2 Adj $(0.10) Beats $(0.14) Estimate, Sales $5.09M Beat $5.00M Estimate
Portfolio Pulse from Happy Mohamed
Freightos (NASDAQ:CRGO) reported Q2 adjusted losses of $(0.10) per share, beating the analyst consensus estimate of $(0.14) by 28.57%. This is a 87.01% increase over losses of $(0.77) per share from the same period last year. The company also reported quarterly sales of $5.09 million, beating the analyst consensus estimate of $5.00 million by 1.86%. However, this is a 1.28% decrease over sales of $5.16 million the same period last year.
August 21, 2023 | 12:05 pm
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POSITIVE IMPACT
Freightos' Q2 results beat estimates, with losses less than expected and sales slightly above estimates. However, sales are down compared to the same period last year.
Freightos reported better than expected Q2 results, with losses less than expected and sales slightly above estimates. This could lead to a positive reaction in the stock price. However, the decrease in sales compared to the same period last year could temper this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100