Seer Q2 2024 GAAP EPS $(0.35) Beats $(0.36) Estimate, Sales $3.072M Miss $3.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Seer (NASDAQ:SEER) reported Q2 2024 GAAP EPS of $(0.35), beating the estimate of $(0.36). However, sales of $3.072M missed the $3.200M estimate and were down 23.35% from the same period last year.
August 08, 2024 | 9:38 pm
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Seer reported a Q2 2024 GAAP EPS of $(0.35), beating the estimate of $(0.36). However, sales of $3.072M missed the $3.200M estimate and were down 23.35% from the same period last year.
While Seer beat the EPS estimate, the miss on sales and the significant year-over-year decline in revenue are concerning. This mixed result is likely to result in a neutral short-term impact on the stock price as investors weigh the positive EPS against the negative sales performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100