Neonode Q2 EPS $(0.11) Down From $(0.10) YoY, Sales $1.40M Up From $1.20M YoY
Portfolio Pulse from Benzinga Newsdesk
Neonode (NASDAQ:NEON) reported a Q2 EPS of $(0.11), a 10% decrease from $(0.10) YoY, and sales of $1.40M, a 16.67% increase from $1.20M YoY.
August 08, 2024 | 1:25 pm
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Neonode reported a Q2 EPS of $(0.11), a 10% decrease from $(0.10) YoY, and sales of $1.40M, a 16.67% increase from $1.20M YoY. The mixed results may lead to short-term volatility in the stock price.
The decrease in EPS indicates a worsening bottom line, which is negative. However, the increase in sales shows growth in revenue, which is positive. These mixed results are likely to cause short-term volatility in NEON's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100