Kornit Digital Q2 2024 Adj. EPS $0.02 Beats $(0.01) Estimate, Sales $48.621M Miss $49.322M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kornit Digital (NASDAQ:KRNT) reported Q2 2024 adjusted EPS of $0.02, beating the $(0.01) estimate, but sales of $48.621M missed the $49.322M estimate. EPS improved significantly from $(0.15) last year, while sales decreased by 13.48% from $56.199M.
August 07, 2024 | 11:32 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Kornit Digital's Q2 2024 EPS of $0.02 beat estimates, showing significant improvement from last year's $(0.15). However, sales of $48.621M missed expectations and were down 13.48% year-over-year.
The significant improvement in EPS is a positive indicator for investors, suggesting better profitability. However, the miss on sales and the year-over-year decline in revenue may temper enthusiasm. Overall, the positive EPS surprise is likely to have a more substantial short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100