Edgio Q2 Adj. EPS $(0.09) Beats $(0.11) Estimate, Sales $95.80M Beat $95.31M Estimate
Portfolio Pulse from Bill Haddad
Edgio reported Q2 adjusted EPS of $(0.09), beating the estimate of $(0.11) by 18.18%. This is a 228.57% decrease from last year's earnings. The company's quarterly sales were $95.80M, surpassing the estimate of $95.31M by 0.51%. This is a 28.92% increase from last year's sales.
September 12, 2023 | 8:12 pm
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Edgio's Q2 earnings beat estimates, but represent a significant decrease from last year. Sales increased by 28.92% YoY.
While Edgio beat estimates for Q2, the significant decrease in earnings from last year could be a concern for investors. However, the increase in sales could offset this concern to some extent. The impact on the stock price could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100