Hello Gr Q2 Adj EPADS $0.33 Beats $0.28 Estimate, Sales $370.35M Miss $376.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hello Group reported Q2 adjusted EPADS of $0.33, beating the estimate of $0.28. However, sales were $370.35M, missing the $376.30M estimate.
September 03, 2024 | 7:34 am
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Hello Group's Q2 adjusted EPADS exceeded expectations at $0.33, but sales fell short at $370.35M compared to the $376.30M estimate.
The positive earnings per share result is offset by the sales miss, which could lead to mixed investor sentiment. The stock may experience volatility as investors weigh the earnings beat against the revenue shortfall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100