Airgain Q2 2024 GAAP EPS $(0.23) Misses $(0.18) Estimate, Sales $15.20M Beat $15.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Airgain (NASDAQ:AIRG) reported Q2 2024 GAAP EPS of $(0.23), missing the $(0.18) estimate, while sales of $15.20M beat the $15.00M estimate. Sales decreased by 3.98% compared to the same period last year.
August 06, 2024 | 8:44 pm
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NEGATIVE IMPACT
Airgain reported a Q2 2024 GAAP EPS of $(0.23), missing the $(0.18) estimate by 27.78%. However, sales of $15.20M beat the $15.00M estimate. Sales decreased by 3.98% YoY.
The significant miss on EPS is likely to have a negative impact on the stock price in the short term, despite the slight beat on sales. The YoY decrease in sales also adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100