Pro-Dex Q2 EPS $0.14, Sales $12.59M Beat $11.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Pro-Dex (NASDAQ:PDEX) reported Q2 earnings of $0.14 per share, missing the consensus estimate of $0.35 by 60%, and a 41.67% decrease from last year. However, sales of $12.59M beat the $11.50M estimate, marking an 11.58% increase from the previous year.

February 08, 2024 | 9:58 pm
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NEUTRAL IMPACT
Pro-Dex reported lower-than-expected Q2 earnings per share but exceeded sales forecasts, indicating mixed financial health.
The missed earnings per share (EPS) forecast could negatively impact investor sentiment towards PDEX in the short term, suggesting potential downward pressure on the stock price. However, the beat on sales forecasts could offset some of the negative sentiment, as it indicates that the company is still growing its revenue. The mixed results make the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100