Arco Platform Q2 Adj EPS $0.24 May Not Compare To $(0.09) Estimate, Sales $95.15M Miss $101.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arco Platform (NASDAQ:ARCE) reported Q2 adjusted earnings of $0.24 per share, beating the analyst consensus estimate of $(0.09) by 364.44 percent. This is a 397.5 percent increase over losses of $(0.08) per share from the same period last year. However, the company's quarterly sales of $95.15 million missed the analyst consensus estimate of $101.22 million by 6.00 percent, though it's a 13.27 percent increase over sales of $84.00 million the same period last year.
August 31, 2023 | 8:30 pm
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Arco Platform's Q2 earnings exceeded expectations, but sales fell short of estimates. This mixed result could lead to uncertainty in the market.
Arco Platform's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. This mixed result could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
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