AudioCodes Q2 2024 Adj. EPS $0.18 Misses $0.19 Estimate, Sales $60.303M Beat $60.242M Estimate
Portfolio Pulse from Benzinga Newsdesk
AudioCodes (NASDAQ:AUDC) reported Q2 2024 earnings per share (EPS) of $0.18, missing the analyst estimate of $0.19 by 5.26%. However, sales were $60.303 million, slightly beating the estimate of $60.242 million. EPS increased by 12.5% year-over-year, and sales increased by 0.47% year-over-year.
July 30, 2024 | 6:05 am
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AudioCodes reported Q2 2024 EPS of $0.18, missing the $0.19 estimate by 5.26%. Sales were $60.303M, slightly beating the $60.242M estimate. EPS increased by 12.5% YoY, and sales increased by 0.47% YoY.
The mixed results, with EPS missing estimates but sales slightly beating, suggest a neutral short-term impact on the stock price. The YoY increases in both EPS and sales provide some positive context, but the miss on EPS could weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100