Couchbase Q2 2024 GAAP EPS $(0.39) Misses $(0.32) Estimate, Sales $51.60M Beat $51.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Couchbase reported Q2 2024 earnings with a GAAP EPS of $(0.39), missing the estimate of $(0.32), but sales of $51.60M beat the $51.09M estimate. Sales increased by 19.61% compared to the same period last year.
September 04, 2024 | 8:07 pm
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Couchbase's Q2 2024 earnings report showed a larger-than-expected loss per share, but sales exceeded expectations and grew significantly year-over-year.
Couchbase's earnings report presents mixed results: a significant EPS miss could negatively impact investor sentiment, while the sales beat and strong year-over-year growth might offset some concerns. The net effect on the stock price is uncertain, leading to a neutral short-term impact.
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IMPORTANCE 80
RELEVANCE 100