Allied Gaming Q2 EPS $(0.09) Down From $(0.02) YoY, Sales $2.64M Down From $3.27M YoY
Portfolio Pulse from Benzinga Newsdesk
Allied Gaming (NASDAQ:AGAE) reported a significant decline in its Q2 financial performance, with EPS dropping to $(0.09) from $(0.02) YoY and sales decreasing by 19.22% to $2.64M.
August 19, 2024 | 8:08 pm
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NEGATIVE IMPACT
Allied Gaming reported a significant decline in Q2 earnings, with EPS falling to $(0.09) from $(0.02) YoY and sales dropping by 19.22% to $2.64M.
The significant decline in both EPS and sales indicates a worsening financial performance, likely leading to negative investor sentiment and a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100