OLB Gr Q2 EPS $(0.04) Beats $(0.09) Estimate, Sales $8.34M Beat $7.53M Estimate
Portfolio Pulse from Happy Mohamed
OLB Gr (NASDAQ:OLB) reported Q2 EPS of $(0.04), beating the analyst consensus estimate of $(0.09) by 55.56%. This is a 60% increase over losses from the same period last year. The company also reported quarterly sales of $8.34M, beating the analyst consensus estimate of $7.53M by 10.76%, although this is a 0.38% decrease from the same period last year.
August 21, 2023 | 1:51 pm
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POSITIVE IMPACT
OLB Gr reported better than expected Q2 earnings and sales, which could positively impact the stock in the short term.
OLB Gr reported Q2 earnings and sales that beat analyst estimates. This is generally seen as positive news and could lead to an increase in the stock price in the short term. However, the decrease in sales compared to the same period last year could temper this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100