Zedge Q2 Adj. EPS $0.04 Down From $0.06 YoY, Sales $7.80M Up From $6.98M YoY
Portfolio Pulse from Benzinga Newsdesk
Zedge reported its Q2 earnings with an adjusted EPS of $0.04, down from $0.06 YoY. However, sales increased to $7.80M from $6.98M YoY, marking an 11.70% increase.
March 15, 2024 | 10:55 am
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Zedge's Q2 earnings reveal a decrease in EPS to $0.04 from $0.06 YoY, but an increase in sales to $7.80M from $6.98M YoY.
The decrease in EPS could concern investors looking for profitability growth, potentially putting downward pressure on ZDGE's stock. However, the increase in sales indicates business growth, which could offset concerns about profitability in the short term. The mixed nature of these results makes the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100