Socket Mobile Q2 EPS $(0.08) Misses $(0.05) Estimate, Sales $5.08M Down From $5.12M YoY
Portfolio Pulse from totan@benzinga.com
Socket Mobile (NASDAQ:SCKT) reported Q2 losses of $(0.08) per share, missing the $(0.05) estimate by 60%. Sales were $5.08M, down 0.70% YoY.
July 31, 2024 | 8:31 pm
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NEGATIVE IMPACT
Socket Mobile reported Q2 losses of $(0.08) per share, missing the $(0.05) estimate by 60%. Sales were $5.08M, down 0.70% YoY.
The significant miss on EPS estimates and slight decline in sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100