Arq Q2 2024 GAAP EPS $(0.06) Misses $(0.05) Estimate, Sales $25.405M Beat $20.600M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arq (NASDAQ:ARQ) reported Q2 2024 GAAP EPS of $(0.06), missing the $(0.05) estimate, but achieved sales of $25.405M, beating the $20.600M estimate. Sales increased by 24.26% year-over-year.
August 12, 2024 | 8:33 pm
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Arq reported a Q2 2024 GAAP EPS of $(0.06), missing the $(0.05) estimate by 20%. However, the company achieved sales of $25.405M, beating the $20.600M estimate by 23.33% and marking a 24.26% increase year-over-year.
While Arq missed its EPS estimate by 20%, the significant beat in sales and strong year-over-year growth may offset the negative sentiment from the EPS miss. Investors might view the revenue growth positively, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100