Marchex Q2 2024 Adj. EPS $(0.01), Inline, Sales $12.074M Miss $12.136M Estimate
Portfolio Pulse from Benzinga Newsdesk
Marchex (NASDAQ:MCHX) reported Q2 2024 adjusted EPS of $(0.01), meeting analyst expectations. However, sales of $12.074 million missed the $12.136 million estimate and were down 3.58% year-over-year.
August 08, 2024 | 9:05 pm
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Marchex reported Q2 2024 adjusted EPS of $(0.01), meeting analyst expectations. However, sales of $12.074 million missed the $12.136 million estimate and were down 3.58% year-over-year.
While the EPS met expectations, the sales miss and year-over-year decline are likely to negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100