Forian Q2 EPS $(0.08) Misses $(0.02) Estimate, Sales $4.78M Miss $5.26M Estimate
Portfolio Pulse from totan@benzinga.com
Forian (NASDAQ:FORA) reported Q2 earnings per share (EPS) of $(0.08), missing the analyst estimate of $(0.02) by 300%. Sales were $4.78M, missing the $5.26M estimate by 9.18%. This represents a 166.67% increase in losses and a 2.37% decrease in sales compared to the same period last year.
August 14, 2024 | 8:12 pm
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NEGATIVE IMPACT
Forian reported Q2 EPS of $(0.08), missing estimates by 300%, and sales of $4.78M, missing estimates by 9.18%. Losses increased by 166.67% YoY.
Forian's significant miss on both EPS and sales estimates, along with a substantial increase in losses, is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100