Domo Q2 EPS $(0.02) Beats $(0.09) Estimate, Sales $79.70M Beat $78.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Domo (NASDAQ:DOMO) reported Q2 earnings per share of $(0.02), beating the analyst consensus estimate of $(0.09) by 77.78%. This is a 92.31% increase over losses from the same period last year. The company also reported quarterly sales of $79.70 million, beating the analyst consensus estimate of $78.90 million by 1.01%, a 5.52% increase over sales from the same period last year.
August 24, 2023 | 8:06 pm
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POSITIVE IMPACT
Domo's Q2 earnings and sales beat analyst estimates, indicating a strong financial performance.
Domo's Q2 earnings per share and sales both exceeded analyst estimates, which is typically a positive signal to investors and can lead to an increase in the stock price. The significant YoY increase in earnings and sales also indicates a strong financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100