Tingo Group Q2 EPS $0.18 Misses $0.31 Estimate, Sales $977.17M Beat $915.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tingo Group (NASDAQ:TIO) reported Q2 earnings of $0.18 per share, missing the analyst consensus estimate of $0.31 by 41.94%. However, the company reported quarterly sales of $977.17 million, beating the analyst consensus estimate of $915.00 million by 6.79%. This represents a significant increase over the same period last year.
August 31, 2023 | 11:11 am
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Tingo Group's Q2 earnings per share missed estimates by 41.94%, but sales exceeded expectations by 6.79%. This mixed result could lead to uncertain short-term price movements.
Tingo Group's earnings miss could negatively impact the stock price, but the sales beat could offset this. The net effect on the stock price is uncertain in the short term.
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RELEVANCE 100