Lesaka Technologies Q2 Adj EPS $0.01 Beats $(0.03) Estimate, Sales $143.89M Miss $144.47M Estimate
Portfolio Pulse from mahesh@benzinga.com
Lesaka Technologies (NASDAQ:LSAK) reported Q2 adjusted EPS of $0.01, surpassing the $(0.03) estimate, marking a 200% increase from last year's losses. However, their sales of $143.89M fell short of the $144.47M estimate, despite being a 5.75% increase from the previous year.
February 06, 2024 | 9:21 pm
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Lesaka Technologies reported a positive Q2 EPS of $0.01, beating estimates, but missed sales forecasts slightly with $143.89M.
The positive earnings per share (EPS) beat is likely to be viewed favorably by investors, indicating improved profitability and potentially leading to a short-term increase in stock price. However, the slight miss on sales estimates could temper some of the positive sentiment, making the overall impact on the stock price positive but with caution due to the mixed results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100