Extreme Networks Q2 Adj EPS $0.24 Misses $0.25 Estimate, Sales $296.40M Beat $295.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Extreme Networks (NASDAQ:EXTR) reported Q2 adjusted EPS of $0.24, missing the consensus estimate of $0.25 by 4%. Year-over-year, this represents an 11.11% decrease from $0.27 per share. However, sales of $296.40M exceeded estimates by 0.27%, despite being a 6.89% decrease from the previous year's $318.35M.
January 31, 2024 | 12:07 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Extreme Networks reported a slight miss on Q2 EPS estimates but a marginal beat on revenue forecasts. The company saw a decrease in both earnings and sales compared to the same quarter last year.
The miss on the EPS estimate is likely to negatively impact investor sentiment in the short term, despite the slight beat on revenue. The year-over-year decline in both earnings and sales may also contribute to a bearish outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100