Bridgeline Digital Q2 2024 Adj EPS $(0.02) Beats $(0.03) Estimate, Sales $3.80M Miss $4.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
Bridgeline Digital reported Q2 2024 adjusted EPS of $(0.02), beating the $(0.03) estimate, but missed sales estimates with $3.80M against the expected $4.22M. This represents a 7.08% decrease in sales compared to the same period last year.
May 14, 2024 | 8:08 pm
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Bridgeline Digital's Q2 2024 earnings beat EPS estimates but missed on revenue, with a year-over-year decrease in sales.
While Bridgeline Digital beating EPS estimates is positive, the miss on revenue forecasts and the year-over-year sales decline could temper investor enthusiasm. The mixed results present a neutral short-term outlook as positive earnings are offset by disappointing sales figures.
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