Intchains Gr Q2 EPADS $0.12, Sales $16.93M Beat $12.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Intchains Gr (NASDAQ:ICG) reported Q2 earnings of $0.12 per share, beating the $0.04 estimate by 200%. Sales were $16.93M, surpassing the $12.08M estimate by 40.16%. This marks a significant improvement from the same period last year, with a 400% increase in EPS and a 782.99% increase in sales.
August 15, 2024 | 8:32 pm
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Intchains Gr (NASDAQ:ICG) reported Q2 earnings of $0.12 per share, beating the $0.04 estimate by 200%. Sales were $16.93M, surpassing the $12.08M estimate by 40.16%. This marks a significant improvement from the same period last year, with a 400% increase in EPS and a 782.99% increase in sales.
The significant beat on both EPS and sales estimates, along with substantial year-over-year growth, is likely to positively impact ICG's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100