Ceragon Networks Q2 2024 Adj. EPS $0.11 Beats $0.06 Estimate, Sales $96.088M Miss $96.112M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ceragon Networks reported Q2 2024 adjusted EPS of $0.11, beating the estimate of $0.06. However, sales were slightly below expectations at $96.088 million compared to the $96.112 million estimate.
August 07, 2024 | 11:01 am
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Ceragon Networks' Q2 2024 adjusted EPS of $0.11 beat the estimate of $0.06, but sales were slightly below expectations at $96.088 million compared to the $96.112 million estimate.
The positive EPS surprise is likely to have a more significant impact on the stock price than the slight miss in sales. Investors often react more strongly to earnings beats, which can drive short-term price increases.
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