Ispire Technology Q2 EPS $(0.07) Misses $0.01 Estimate, Sales $41.69M Miss $48.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ispire Technology (NASDAQ:ISPR) reported Q2 earnings with a loss of $(0.07) per share, missing the $0.01 estimate by 800%. Year-over-year, this represents a 600% increase in losses from $(0.01) per share. Quarterly sales were $41.69M, missing the $48.00M estimate by 13.15%, but marking a 30.69% increase from $31.90M in the same period last year.
February 20, 2024 | 11:06 pm
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NEGATIVE IMPACT
Ispire Technology reported a significant miss in Q2 earnings and sales, with EPS at $(0.07) vs. the $0.01 estimate and sales at $41.69M vs. the $48.00M estimate.
The significant miss in both earnings per share and sales compared to analyst estimates is likely to negatively impact investor sentiment and the stock price in the short term. The 800% miss in EPS and 13.15% miss in sales estimates are critical factors that could lead to a decrease in stock price, reflecting the market's reaction to the company's underperformance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100