Kore Group Holdings Q2 2024 Adj. EPS $(0.99) Misses $(0.27) Estimate, Sales $67.868M Miss $75.934M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kore Group Holdings (NYSE:KORE) reported Q2 2024 adjusted EPS of $(0.99), significantly missing the analyst estimate of $(0.27). Sales were $67.868M, also missing the $75.934M estimate and showing a 2.40% decrease from the same period last year.
August 15, 2024 | 11:41 am
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Kore Group Holdings reported a significant miss in both EPS and sales for Q2 2024, with EPS at $(0.99) missing the $(0.27) estimate and sales at $67.868M missing the $75.934M estimate. This indicates potential short-term negative impact on the stock price.
The significant miss in both EPS and sales compared to analyst estimates, along with a year-over-year sales decline, suggests a likely short-term negative impact on KORE's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100