Lesaka Technologies: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Lesaka Technologies (NASDAQ:LSAK) reported Q2 earnings with a significant beat on estimated earnings, posting an EPS of $0.01 versus an estimate of $-0.03, a 133.33% beat. Revenue increased by $7.83 million from the same period last year. In the previous quarter, the company missed EPS estimates which led to a 1.83% drop in share price the following day.
February 06, 2024 | 9:25 pm
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Lesaka Technologies reported a significant beat on Q2 earnings estimates with an EPS of $0.01 against an expected $-0.03 and saw a revenue increase of $7.83 million from the previous year.
The significant beat on earnings estimates and the increase in revenue compared to the same period last year are strong positive indicators for Lesaka Technologies. Historically, earnings beats have been associated with positive short-term stock price movements. However, it's important to note that in the previous quarter, a miss on EPS estimates led to a slight drop in share price, indicating market sensitivity to the company's earnings performance.
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