Innovative Eyewear Q2 2024 GAAP EPS $(1.87) Beats $(2.20) Estimate, Sales $308.68K Miss $1.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Innovative Eyewear (NASDAQ:LUCY) reported a Q2 2024 GAAP EPS of $(1.87), beating the analyst estimate of $(2.20). However, sales were $308.68K, missing the $1.20M estimate by 74.28%. Despite the miss, sales increased by 81.65% compared to the same period last year.
August 13, 2024 | 12:09 pm
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Innovative Eyewear (NASDAQ:LUCY) reported a Q2 2024 GAAP EPS of $(1.87), beating the analyst estimate of $(2.20). However, sales were $308.68K, missing the $1.20M estimate by 74.28%. Despite the miss, sales increased by 81.65% compared to the same period last year.
The EPS beat is a positive sign, indicating better-than-expected cost management or other efficiencies. However, the significant miss on sales estimates could raise concerns about the company's revenue-generating capabilities. The YoY sales increase is a positive indicator but may not be enough to offset the sales miss in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100