23andMe Holding Q2 EPS $(0.16) Misses $(0.14) Estimate, Sales $50.00M Miss $56.80M Estimate
Portfolio Pulse from saritha@benzinga.com
23andMe Holding (NASDAQ:ME) reported Q2 losses of $(0.16) per share, missing the analyst consensus estimate of $(0.14) by 14.29%. The company also reported quarterly sales of $50.00 million, missing the analyst consensus estimate of $56.80 million by 11.97%. This represents a 6.67% decrease in losses and a 33.92% decrease in sales compared to the same period last year.
November 08, 2023 | 9:55 pm
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NEGATIVE IMPACT
23andMe's Q2 earnings missed analyst estimates, with a larger loss per share and lower sales than expected. This could negatively impact investor sentiment.
23andMe reported larger losses and lower sales than expected for Q2, missing analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100