Sonendo Q2 GAAP EPS $(0.08) Beats $(0.12) Estimate, Sales $8.31M Beat $7.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sonendo (NYSE:SONX) reported better-than-expected Q2 results with a GAAP EPS of $(0.08), beating the $(0.12) estimate, and sales of $8.31M, surpassing the $7.60M estimate. Despite the positive earnings surprise, sales were down 5.12% year-over-year.
August 07, 2024 | 9:30 pm
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Sonendo reported a better-than-expected Q2 GAAP EPS of $(0.08) and sales of $8.31M, beating analyst estimates. However, sales decreased by 5.12% year-over-year.
The better-than-expected EPS and sales figures are likely to have a positive short-term impact on Sonendo's stock price. However, the year-over-year decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100