MeridianLink Q2 2024 Adj. EPS $0.04 Misses $0.08 Estimate, Sales $78.676M Beat $77.966M Estimate
Portfolio Pulse from Benzinga Newsdesk
MeridianLink (NYSE:MLNK) reported Q2 2024 earnings per share of $0.04, missing the analyst estimate of $0.08. However, the company beat sales estimates with $78.676 million, a 4.32% increase from the same period last year.
August 08, 2024 | 9:21 pm
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MeridianLink reported Q2 2024 earnings per share of $0.04, missing the analyst estimate of $0.08. However, the company beat sales estimates with $78.676 million, a 4.32% increase from the same period last year.
The miss on EPS by 50% is likely to have a negative short-term impact on the stock price, despite the slight beat on sales estimates. Investors often react more strongly to earnings misses.
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IMPORTANCE 80
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