Jet AI Q2 2024 GAAP EPS $(0.25) Misses $(0.22) Estimate, Sales $3.08M Miss $3.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jet AI (NASDAQ:JTAI) reported Q2 2024 GAAP EPS of $(0.25), missing the $(0.22) estimate, and sales of $3.08M, missing the $3.21M estimate. Despite the misses, the company showed improvement over the same period last year.
August 14, 2024 | 9:53 pm
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NEGATIVE IMPACT
Jet AI reported Q2 2024 GAAP EPS of $(0.25), missing the $(0.22) estimate, and sales of $3.08M, missing the $3.21M estimate. Despite the misses, the company showed improvement over the same period last year.
Jet AI's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. However, the year-over-year improvement in both EPS and sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100