Coda Octopus Group Q2 2024 GAAP EPS $0.13 Beats $0.05 Estimate, Sales $5.323M Beat $4.542M Estimate
Portfolio Pulse from Benzinga Newsdesk
Coda Octopus Group (NASDAQ:CODA) reported Q2 2024 earnings per share (EPS) of $0.13, significantly beating the analyst estimate of $0.05. The company also reported sales of $5.323 million, surpassing the $4.542 million estimate. This represents a 0.40% increase in sales compared to the same period last year.
June 12, 2024 | 12:02 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Coda Octopus Group reported Q2 2024 EPS of $0.13, beating the $0.05 estimate by 160%. Sales were $5.323M, surpassing the $4.542M estimate by 17.20%.
The significant beat on both EPS and sales estimates is likely to positively impact CODA's stock price in the short term. The 160% EPS beat and 17.20% sales beat indicate strong financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100