Recap: Matrix Service Q2 Earnings
Portfolio Pulse from Benzinga Insights
Matrix Service (NASDAQ:MTRX) reported Q2 earnings with an EPS of $-0.18, missing estimates by 80% and showing a revenue decline of $18.80 million from the previous year. Despite past earnings misses, the company's share price increased by 4.23% the day after last quarter's earnings were announced.
February 07, 2024 | 9:10 pm
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Matrix Service reported a significant miss in Q2 earnings with an EPS of $-0.18, underperforming estimates by 80%, and a year-over-year revenue decline.
The significant miss in earnings and the decline in revenue year-over-year are likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price, despite the previous quarter's post-earnings share price increase.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100