Kore Group Holdings Q1 2024 GAAP EPS $(0.19) Misses $(0.15) Estimate, Sales $75.975M Beat $73.920M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kore Group Holdings (NYSE:KORE) reported Q1 2024 GAAP EPS of $(0.19), missing the $(0.15) estimate, but sales of $75.975M beat the $73.920M estimate. EPS improved from $(0.24) last year, and sales increased by 15.16% from $65.975M.
May 15, 2024 | 9:14 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Kore Group Holdings reported a Q1 2024 GAAP EPS of $(0.19), missing the $(0.15) estimate, but sales of $75.975M beat the $73.920M estimate. EPS improved from $(0.24) last year, and sales increased by 15.16%.
While Kore Group Holdings missed EPS estimates, the improvement from last year and the beat on sales estimates provide a mixed outlook. The market may react neutrally in the short term as investors weigh the positive sales growth against the EPS miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100