Agora Q2 Adj EPS $(0.07) Beats $(0.12) Estimate, Sales $34.04M Miss $38.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Agora (NASDAQ:API) reported Q2 adjusted losses of $(0.07) per share, beating the analyst consensus estimate of $(0.12) by 41.67%. However, the company's quarterly sales of $34.04 million missed the analyst consensus estimate of $38.93 million by 12.57%. This represents a 16.94% decrease in sales compared to the same period last year.
August 21, 2023 | 10:09 pm
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NEUTRAL IMPACT
Agora's Q2 earnings beat estimates but sales missed, indicating mixed performance. This could lead to uncertainty among investors.
Agora's earnings beat estimates, which is a positive signal. However, the miss on sales, which is a key performance indicator, could negatively impact investor sentiment. The net effect is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100