Energous Q2 EPS $(0.65) Beats $(0.74) Estimate, Sales $46.00K Miss $170.00K Estimate
Portfolio Pulse from Benzinga Newsdesk
Energous (NASDAQ:WATT) reported Q2 EPS of $(0.65), beating the $(0.74) estimate, but missed sales estimates with $46.00K against $170.00K expected. EPS improved by 45.83% YoY, while sales decreased by 60.73% YoY.
August 08, 2024 | 9:16 pm
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Energous reported better-than-expected EPS for Q2, but significantly missed sales estimates. EPS improved by 45.83% YoY, while sales dropped by 60.73%.
The better-than-expected EPS is a positive sign, but the significant miss on sales and the YoY sales decline could offset the positive sentiment. This mixed result may lead to neutral short-term price movement.
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