Airgain Q2 2024 Adj. EPS $(0.05) Beats $(0.07) Estimate, Sales $15.200M Beat $15.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Airgain (NASDAQ:AIRG) reported Q2 2024 adjusted EPS of $(0.05), beating the $(0.07) estimate. Sales were $15.2M, surpassing the $15M estimate. Despite beating estimates, EPS decreased by 400% and sales by 3.98% year-over-year.
August 06, 2024 | 9:46 pm
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NEUTRAL IMPACT
Airgain's Q2 2024 adjusted EPS of $(0.05) beat the $(0.07) estimate, and sales of $15.2M surpassed the $15M estimate. However, EPS decreased by 400% and sales by 3.98% year-over-year.
While Airgain beat both EPS and sales estimates, the significant year-over-year decline in EPS and sales may neutralize the positive impact of beating estimates. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100