Duos Technologies Group Q2 2024 GAAP EPS $(0.43) Misses $(0.33) Estimate, Sales $1.510M Beat $1.250M Estimate
Portfolio Pulse from Benzinga Newsdesk
Duos Technologies Group (NASDAQ:DUOT) reported Q2 2024 GAAP EPS of $(0.43), missing the $(0.33) estimate, but sales of $1.510M beat the $1.250M estimate. EPS decreased by 2.38% YoY, while sales decreased by 14.69% YoY.
August 13, 2024 | 8:36 pm
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Duos Technologies Group reported a Q2 2024 GAAP EPS of $(0.43), missing the $(0.33) estimate by 30.3%. However, sales of $1.510M beat the $1.250M estimate by 20.80%. EPS decreased by 2.38% YoY, and sales decreased by 14.69% YoY.
The mixed results, with a significant EPS miss but a sales beat, create a neutral short-term outlook. The EPS miss may concern investors, but the sales beat could provide some optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100