Recap: Upexi Q2 Earnings
Portfolio Pulse from Benzinga Insights
Upexi (NASDAQ:UPXI) reported Q2 earnings with an EPS of $-0.12, missing estimates by 140% and a revenue decrease of $5.26 million from the previous year. The company had previously missed EPS estimates last quarter, resulting in a 4% share price drop the following day.
February 14, 2024 | 9:15 pm
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NEGATIVE IMPACT
Upexi reported a significant miss in Q2 earnings with a 140% deviation from estimated EPS and a notable revenue decline from the previous year.
The substantial miss in earnings and the historical context of a share price drop following last quarter's earnings miss suggest a likely negative short-term impact on UPXI's stock price. The deviation from expected EPS and the year-over-year revenue decline are critical factors that could lead to investor concern and potential sell-off, mirroring the reaction from the previous quarter.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100