Information Servs Gr Q2 2024 Adj. EPS $0.08 Beats $0.06 Estimate, Sales $64.263M Miss $65.508M Estimate
Portfolio Pulse from Benzinga Newsdesk
Information Services Group (NASDAQ:III) reported Q2 2024 adjusted EPS of $0.08, beating the estimate of $0.06. However, sales of $64.263M missed the $65.508M estimate and were down 13.87% year-over-year.
August 05, 2024 | 8:39 pm
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Information Services Group (NASDAQ:III) reported Q2 2024 adjusted EPS of $0.08, beating the estimate of $0.06 by 33.33%. However, sales of $64.263M missed the $65.508M estimate and were down 13.87% year-over-year.
The EPS beat is a positive sign, but the sales miss and significant year-over-year decline in revenue could offset the positive sentiment. This mixed result is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100