Usio Q2 Sales $20.08M Beat $19.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Usio (NASDAQ:USIO) reported Q2 sales of $20.08 million, beating the analyst consensus estimate of $19.91 million by 0.83%. However, this represents a 5.56% decrease compared to the same period last year.
August 14, 2024 | 8:06 pm
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Usio reported Q2 sales of $20.08 million, surpassing the analyst estimate of $19.91 million by 0.83%. Despite this beat, sales decreased by 5.56% compared to the same period last year.
The beat on analyst estimates is a positive indicator and may lead to a short-term price increase. However, the year-over-year decline in sales could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100