MiX Telematics Q2 Adj EPADS $0.04 Misses $0.13 Estimate, Sales $37.76M Beat $36.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
MiX Telematics (NYSE:MIXT) reported Q2 adjusted earnings of $0.04 per share, missing the analyst consensus estimate of $0.13 by 69.23%. However, the company's quarterly sales of $37.76 million beat the analyst consensus estimate of $36.04 million by 4.77%. This represents a 7.08% increase over sales from the same period last year.
November 08, 2023 | 11:07 am
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MiX Telematics reported lower than expected Q2 earnings but higher than expected sales. This mixed result could lead to uncertainty in the market.
MiX Telematics reported lower than expected earnings, which could negatively impact the stock. However, the company also reported higher than expected sales, which could have a positive impact. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term impact on the stock.
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