Motorsport Games Q2 EPS $(3.02), Sales $1.74M Beat $1.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Motorsport Games (NASDAQ:MSGM) reported Q2 losses of $(3.02) per share, with sales of $1.74 million, beating the analyst consensus estimate of $1.43 million by 21.61 percent. However, this represents a 13.44 percent decrease over sales of $2.01 million from the same period last year.
August 21, 2023 | 8:13 pm
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Motorsport Games reported Q2 losses but beat sales estimates. However, sales are down 13.44% YoY.
Motorsport Games reported a loss for Q2, which is generally negative for the stock price. However, they beat sales estimates, which is positive. The YoY decrease in sales could be a concern for investors, potentially leading to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100