Sight Sciences Q2 2024 GAAP EPS $(0.25) Beats $(0.30) Estimate, Sales $21.370M Beat $21.347M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sight Sciences (NASDAQ:SGHT) reported Q2 2024 GAAP EPS of $(0.25), beating the $(0.30) estimate. Sales were $21.370M, slightly above the $21.347M estimate. Despite the beats, sales decreased by 8.95% year-over-year.
August 01, 2024 | 8:38 pm
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Sight Sciences reported better-than-expected Q2 2024 GAAP EPS and sales, but sales decreased by 8.95% year-over-year. The positive earnings surprise may boost short-term stock prices, but the decline in sales could temper long-term optimism.
The positive earnings surprise and slight sales beat are likely to boost investor sentiment in the short term. However, the year-over-year sales decline may limit the extent of the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100