Origin Mat Q2 2024 GAAP EPS $(0.14) Misses $(0.12) Estimate, Sales $7.03M Miss $7.78M Estimate
Portfolio Pulse from Benzinga Newsdesk
Origin Mat (NASDAQ:ORGN) reported Q2 2024 GAAP EPS of $(0.14), missing the $(0.12) estimate. Sales were $7.03M, below the $7.78M estimate. EPS decreased by 180% YoY, while sales increased by 1.96% YoY.
August 14, 2024 | 8:06 pm
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Origin Mat (NASDAQ:ORGN) reported Q2 2024 GAAP EPS of $(0.14), missing the $(0.12) estimate by 16.67%. Sales were $7.03M, below the $7.78M estimate. EPS decreased by 180% YoY, while sales increased by 1.96% YoY.
The significant miss on both EPS and sales estimates, combined with a substantial YoY decrease in EPS, is likely to negatively impact ORGN's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100