Monogram Technologies Q2 GAAP EPS $(0.11) Misses $(0.09) Estimate
Portfolio Pulse from Benzinga Newsdesk
Monogram Technologies (NASDAQ:MGRM) reported a Q2 GAAP EPS of $(0.11), missing the analyst consensus estimate of $(0.09) by 22.22%. This represents a 59.26% improvement over the $(0.27) per share loss from the same period last year.
August 14, 2024 | 8:47 pm
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NEGATIVE IMPACT
Monogram Technologies reported a Q2 GAAP EPS of $(0.11), missing the analyst consensus estimate of $(0.09) by 22.22%. Despite the miss, the loss is a significant improvement over the $(0.27) per share loss from the same period last year.
The reported EPS miss is likely to have a negative short-term impact on the stock price as it fell short of analyst expectations. However, the significant improvement over last year's loss may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100