Inuvo Q2 2024 GAAP EPS $(0.01) Beats $(0.02) Estimate, Sales $18.209M Miss $20.972M Estimate
Portfolio Pulse from Benzinga Newsdesk
Inuvo (AMEX:INUV) reported Q2 2024 GAAP EPS of $(0.01), beating the $(0.02) estimate, but sales of $18.209M missed the $20.972M estimate. Sales increased by 9.36% year-over-year.
August 08, 2024 | 9:35 pm
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NEUTRAL IMPACT
Inuvo reported a better-than-expected EPS of $(0.01) for Q2 2024, beating the $(0.02) estimate. However, sales of $18.209M missed the $20.972M estimate, despite a 9.36% YoY increase.
The better-than-expected EPS is a positive sign, but the sales miss could weigh on investor sentiment. The YoY sales increase is a positive factor, but the overall impact is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100