Arco Platform Q2 Sales $95.15M Miss $101.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arco Platform (NASDAQ:ARCE) reported Q2 sales of $95.15 million, missing the analyst consensus estimate of $101.22 million by 6.00 percent. However, this is a 13.27 percent increase over sales of $84.00 million the same period last year.
August 31, 2023 | 8:17 pm
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Arco Platform's Q2 sales missed analyst estimates by 6%, but showed a 13.27% YoY increase.
Arco Platform's Q2 sales missed the analyst consensus, which could negatively impact investor sentiment and potentially lead to a short-term drop in the stock price. However, the YoY increase in sales might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100