Ouster Q2 2024 GAAP EPS $(0.53) Beats $(0.61) Estimate, Sales $26.99M Miss $27.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ouster (NYSE:OUST) reported Q2 2024 GAAP EPS of $(0.53), beating the estimate of $(0.61). However, sales of $26.99M missed the $27.03M estimate. Sales increased by 39.15% year-over-year.
August 13, 2024 | 8:08 pm
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POSITIVE IMPACT
Ouster's Q2 2024 GAAP EPS of $(0.53) beat estimates by 13.11%, but sales of $26.99M slightly missed expectations. Sales increased by 39.15% year-over-year.
The positive EPS surprise is likely to have a favorable impact on the stock price in the short term, despite the slight miss in sales. The significant year-over-year sales growth also adds a positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100