Data Storage Q2 2024 GAAP EPS $(0.04) Misses $0.03 Estimate, Sales $4.910M Miss $6.400M Estimate
Portfolio Pulse from Benzinga Newsdesk
Data Storage (NASDAQ:DTST) reported Q2 2024 GAAP EPS of $(0.04), missing the $0.03 estimate by 233.33%. Sales were $4.910M, missing the $6.400M estimate by 23.28%. This represents a 16.84% decrease in sales from the same period last year.
August 14, 2024 | 11:03 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Data Storage (NASDAQ:DTST) reported disappointing Q2 2024 results with a GAAP EPS of $(0.04), missing the $0.03 estimate by 233.33%. Sales also fell short at $4.910M, missing the $6.400M estimate by 23.28%. This poor performance is likely to negatively impact the stock price in the short term.
The significant miss on both EPS and sales estimates, along with a year-over-year decline in both metrics, indicates poor financial performance. This is likely to result in a negative short-term impact on DTST's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100