Intellinetics Q2 EPS $0.02 Misses $0.04 Estimate, Sales $4.64M Beat $4.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Intellinetics (AMEX:INLX) reported Q2 earnings per share of $0.02, missing the analyst estimate of $0.04 by 50%. However, the company beat sales estimates with $4.64 million, a 9.01% increase from the same period last year.
August 13, 2024 | 8:07 pm
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NEUTRAL IMPACT
Intellinetics reported mixed Q2 results with EPS missing estimates by 50% but sales beating expectations and showing a 9.01% YoY increase.
The mixed results, with EPS missing but sales beating estimates, create a neutral short-term outlook. Investors may be concerned about the EPS miss but reassured by the sales growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100