Purple Innovation Q2 2024 Adj. EPS $(0.13) Misses $(0.12) Estimate, Sales $120.271M Miss $128.008M Estimate
Portfolio Pulse from Benzinga Newsdesk
Purple Innovation (NASDAQ:PRPL) reported Q2 2024 adjusted EPS of $(0.13), missing the $(0.12) estimate. Sales were $120.271M, below the $128.008M estimate. Despite the misses, EPS improved from $(0.23) last year, and sales increased by 2.03% from $117.882M.
August 05, 2024 | 8:15 pm
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NEGATIVE IMPACT
Purple Innovation reported Q2 2024 adjusted EPS of $(0.13), missing the $(0.12) estimate. Sales were $120.271M, below the $128.008M estimate. Despite the misses, EPS improved from $(0.23) last year, and sales increased by 2.03% from $117.882M.
The missed EPS and sales estimates are likely to negatively impact the stock price in the short term. However, the improvement in EPS from last year and slight sales growth may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100