Sangoma Technologies Q2 2024 GAAP EPS $(0.10) Misses $(0.08) Estimate, Sales $62.28M Beat $61.62M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sangoma Technologies (NASDAQ:SANG) reported Q2 2024 earnings with a GAAP EPS of $(0.10), missing the $(0.08) estimate by 25%. However, their sales of $62.28M exceeded the $61.62M estimate by 1.07%, marking a 0.39% increase from the previous year.
February 08, 2024 | 10:04 pm
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Sangoma Technologies reported a Q2 2024 GAAP EPS of $(0.10), missing estimates, but sales of $62.28M exceeded expectations.
The miss in EPS estimates by 25% could negatively impact investor sentiment towards SANG in the short term. However, the beat on sales estimates and the year-over-year sales growth, albeit modest, may offset some of the negative sentiment. The mixed results present a neutral outlook in the short term as investors weigh the earnings miss against the sales beat.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100