RumbleON Q2 2024 GAAP EPS $(0.02) Beats $(0.09) Estimate, Sales $336.800M Miss $383.851M Estimate
Portfolio Pulse from Benzinga Newsdesk
RumbleON (NASDAQ:RMBL) reported Q2 2024 GAAP EPS of $(0.02), beating the $(0.09) estimate, but missed sales estimates with $336.8M against $383.851M expected. EPS improved significantly from $(0.83) last year, but sales decreased by 12% from $382.73M.
August 07, 2024 | 11:04 am
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RumbleON reported better-than-expected EPS for Q2 2024, but missed sales estimates. EPS improved significantly from last year, but sales decreased by 12%.
While the EPS beat is a positive sign, the significant miss on sales and the year-over-year sales decline may offset the positive sentiment. Investors may have mixed reactions, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100