Skillz Q2 2024 Adj. EPS $(1.10) Beats $(1.35) Estimate, Sales $25.295M Miss $26.634M Estimate
Portfolio Pulse from Benzinga Newsdesk
Skillz (NYSE:SKLZ) reported Q2 2024 adjusted EPS of $(1.10), beating the $(1.35) estimate, but sales of $25.295M missed the $26.634M estimate. Sales decreased by 37.02% compared to the same period last year.
August 01, 2024 | 9:11 pm
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NEGATIVE IMPACT
Skillz reported better-than-expected EPS for Q2 2024 but missed on sales estimates. The sales decline of 37.02% year-over-year is concerning.
While Skillz beat EPS estimates, the significant year-over-year decline in sales and missing sales estimates are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100