Webtoon Entertainment Q2 2024 Adj EPS $0.20 Beats $0.09 Estimate, Sales $321.00M Miss $326.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Webtoon Entertainment (NASDAQ:WBTN) reported Q2 2024 adjusted EPS of $0.20, beating the $0.09 estimate by 122.22%. However, sales of $321.00M missed the $326.74M estimate by 1.76%.
August 08, 2024 | 8:20 pm
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Webtoon Entertainment reported Q2 2024 adjusted EPS of $0.20, significantly beating the $0.09 estimate. However, sales of $321.00M missed the $326.74M estimate.
The significant EPS beat is likely to have a positive short-term impact on the stock price, despite the slight miss in sales. Investors often react more strongly to earnings beats.
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