Smith Micro Software Q2 2024 Adj. EPS $(0.38) Misses $(0.35) Estimate, Sales $5.140M Miss $5.301M Estimate
Portfolio Pulse from Benzinga Newsdesk
Smith Micro Software (NASDAQ:SMSI) reported Q2 2024 adjusted EPS of $(0.38), missing the $(0.35) estimate. Sales were $5.140M, below the $5.301M estimate and down 50.28% from last year's $10.338M.
August 01, 2024 | 8:52 pm
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NEGATIVE IMPACT
Smith Micro Software reported disappointing Q2 2024 results with an adjusted EPS of $(0.38), missing the $(0.35) estimate by 8.57%. Sales were $5.140M, below the $5.301M estimate and down 50.28% from last year's $10.338M.
The significant miss on both EPS and sales, combined with a substantial year-over-year decline in revenue, is likely to negatively impact SMSI's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100