Airgain Q2 2024 GAAP EPS $(0.23) Misses $(0.18) Estimate, Sales $15.200M Beat $15.000M 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 $15.2M beat the $15M estimate. Sales decreased by 3.98% compared to the same period last year.
August 06, 2024 | 9:45 pm
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NEGATIVE IMPACT
Airgain reported a Q2 2024 GAAP EPS of $(0.23), missing the $(0.18) estimate, while sales of $15.2M beat the $15M estimate. Sales decreased by 3.98% compared to the same period last year.
The miss on EPS by 27.78% is likely to have a negative impact on the stock price in the short term, despite the slight beat on sales. The year-over-year sales decline of 3.98% also adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100