EchoStar Q2 2024 GAAP EPS $(0.76) Misses $(0.17) Estimate, Sales $3.953B Miss $3.983B Estimate
Portfolio Pulse from Benzinga Newsdesk
EchoStar reported its Q2 2024 financial results, with a GAAP EPS of $(0.76), missing the estimate of $(0.17). Sales were $3.953 billion, also missing the estimate of $3.983 billion.
August 09, 2024 | 10:08 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
EchoStar's Q2 2024 financial results showed a significant miss on both EPS and sales estimates, which is likely to negatively impact the stock price in the short term.
The significant miss on both EPS and sales estimates indicates weaker-than-expected financial performance, which is likely to result in negative investor sentiment and short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100