Splunk Q2 Adj. EPS $0.71 Beats $0.45 Estimate, Sales $910.59M Beat $885.97M Estimate
Portfolio Pulse from Happy Mohamed
Splunk (NASDAQ:SPLK) reported Q2 losses of $(0.38) per share, missing the analyst consensus estimate of $0.45 by 184.44%. This is a 522.22% decrease from the same period last year. However, the company's quarterly sales of $910.59 million beat the analyst consensus estimate of $885.97 million by 2.78%, marking a 14.00% increase from the same period last year.
August 23, 2023 | 8:07 pm
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NEGATIVE IMPACT
Splunk's Q2 earnings per share missed estimates significantly, but sales beat estimates and showed a YoY increase.
Splunk's significant miss on earnings per share could negatively impact the stock price in the short term. However, the beat on sales and YoY increase could provide some offsetting positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100