Phunware Q2 2024 GAAP EPS $(0.32) Beats $(0.37) Estimate, Sales $1.011M Miss $1.103M Estimate
Portfolio Pulse from Benzinga Newsdesk
Phunware (NASDAQ:PHUN) reported Q2 2024 GAAP EPS of $(0.32), beating the estimate of $(0.37). However, sales of $1.011M missed the $1.103M estimate and were down 21.93% year-over-year.
August 08, 2024 | 9:12 pm
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Phunware reported a Q2 2024 GAAP EPS of $(0.32), beating the estimate of $(0.37). However, sales of $1.011M missed the $1.103M estimate and were down 21.93% year-over-year.
While Phunware's EPS beat expectations, the miss on sales and significant year-over-year decline in revenue could offset the positive EPS news, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100