WM Tech Q2 2024 GAAP EPS $0.01 Misses $0.03 Estimate, Sales $45.903M Beat $43.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
WM Tech (NASDAQ:MAPS) reported Q2 2024 earnings per share (EPS) of $0.01, missing the analyst consensus estimate of $0.03 by 66.67%. However, the company reported sales of $45.903 million, beating the analyst estimate of $43.000 million by 6.75%. Sales decreased by 5.20% compared to the same period last year.
August 08, 2024 | 10:03 pm
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WM Tech reported Q2 2024 EPS of $0.01, missing the $0.03 estimate by 66.67%. Sales of $45.903M beat the $43.000M estimate by 6.75%, but were down 5.20% YoY.
The mixed earnings report, with EPS missing estimates but sales beating expectations, is likely to result in a neutral short-term impact on the stock price. The YoY sales decline adds a negative sentiment, balancing the positive sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100