NextNav Q2 2024 GAAP EPS $(0.21) Misses $(0.14) Estimate, Sales $1.105M Miss $1.623M Estimate
Portfolio Pulse from Benzinga Newsdesk
NextNav (NASDAQ:NN) reported Q2 2024 GAAP EPS of $(0.21), missing the $(0.14) estimate by 50%. Sales were $1.105M, missing the $1.623M estimate by 31.92%, but up 38.13% from the same period last year.

August 07, 2024 | 9:53 pm
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NextNav reported Q2 2024 GAAP EPS of $(0.21), missing the $(0.14) estimate by 50%. Sales were $1.105M, missing the $1.623M estimate by 31.92%, but up 38.13% from the same period last year.
NextNav's significant miss on both EPS and sales estimates is likely to negatively impact its stock price in the short term. Despite the year-over-year sales increase, the market is expected to react unfavorably to the missed expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100