American Res Q2 EPS $(0.09) Misses $(0.07) Estimate, Sales $4.09K Miss $2.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Res (NASDAQ:AREC) reported a Q2 EPS of $(0.09), missing the $(0.07) estimate, and sales of $4.09K, missing the $2.05M estimate. Sales decreased by 99.79% from last year.
August 19, 2024 | 8:17 pm
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NEGATIVE IMPACT
American Res reported a significant earnings miss with Q2 EPS of $(0.09) and sales of $4.09K, both falling short of estimates. Sales dropped 99.79% from last year.
The significant miss on both EPS and sales, along with a drastic year-over-year sales decline, suggests negative investor sentiment and potential short-term stock price decline.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100