Recap: Flux Power Holdings Q2 Earnings
Portfolio Pulse from Benzinga Insights
Flux Power Holdings (NASDAQ:FLUX) reported Q2 earnings with a miss on estimated earnings by 25%, posting an EPS of $-0.05 against an estimate of $-0.04. Revenue increased by $1.19 million from the same period last year. Despite missing EPS estimates last quarter, the share price increased by 4.73% the following day. Historical earnings performance shows mixed results in meeting EPS estimates but generally positive revenue outcomes.
February 08, 2024 | 9:10 pm
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Flux Power Holdings reported a 25% miss on estimated earnings for Q2, with an EPS of $-0.05 against an estimate of $-0.04, but showed an increase in revenue by $1.19 million from the previous year.
Despite missing the EPS estimate, the increase in revenue and historical resilience in share price post-earnings suggest a neutral short-term impact. The company's ability to exceed revenue expectations may offset concerns about the earnings miss.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100