Markforged Holding Q2 Adj EPS $(0.05) Beats $(0.06) Estimate, Sales $21.69M Miss $21.69M Estimate
Portfolio Pulse from saritha@benzinga.com
Markforged Holding (NYSE:MKFG) reported Q2 adjusted EPS of $(0.05), beating the $(0.06) estimate, but sales of $21.69M missed the $21.69M estimate. EPS improved by 16.67% year-over-year, while sales decreased by 14.78%.
August 08, 2024 | 8:35 pm
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NEUTRAL IMPACT
Markforged Holding reported Q2 adjusted EPS of $(0.05), beating the $(0.06) estimate, but sales of $21.69M missed the $21.69M estimate. EPS improved by 16.67% year-over-year, while sales decreased by 14.78%.
The mixed results, with EPS beating estimates but sales missing, create a neutral short-term outlook. The improvement in EPS is positive, but the decline in sales is a concern.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100