TrueCar Q2 2024 GAAP EPS $(0.15) Misses $(0.07) Estimate, Sales $41.795M Miss $44.265M Estimate
Portfolio Pulse from Benzinga Newsdesk
TrueCar (NASDAQ:TRUE) reported Q2 2024 GAAP EPS of $(0.15), missing the $(0.07) estimate by 114.29%. Sales were $41.795M, missing the $44.265M estimate by 5.58%. Despite the misses, EPS improved by 34.78% and sales increased by 6.38% YoY.
August 05, 2024 | 8:23 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
TrueCar reported Q2 2024 GAAP EPS of $(0.15), missing the $(0.07) estimate by 114.29%. Sales were $41.795M, missing the $44.265M estimate by 5.58%. Despite the misses, EPS improved by 34.78% and sales increased by 6.38% YoY.
TrueCar's Q2 2024 earnings report showed significant misses on both EPS and sales estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year improvements in EPS and sales may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100