Transact Technologies Q2 2024 GAAP EPS $(0.03) Beats $(0.16) Estimate, Sales $11.599M Beat $10.438M Estimate
Portfolio Pulse from Benzinga Newsdesk
Transact Technologies (NASDAQ:TACT) reported Q2 2024 GAAP EPS of $(0.03), beating the $(0.16) estimate. Sales were $11.599M, surpassing the $10.438M estimate but down 41.73% from $19.906M last year.
August 08, 2024 | 9:37 pm
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POSITIVE IMPACT
Transact Technologies reported better-than-expected Q2 2024 earnings and sales, but sales were significantly down year-over-year.
The better-than-expected earnings and sales figures are likely to have a positive short-term impact on TACT's stock price. However, the significant year-over-year decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100