Prenetics Global Q2 Sales $5.900M Miss $7.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Prenetics Global reported Q2 sales of $5.9 million, missing the analyst consensus estimate of $7.7 million by 23.38%. Despite the miss, sales increased by 3.58% compared to the same period last year.
October 07, 2024 | 12:35 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Prenetics Global's Q2 sales of $5.9 million missed analyst estimates by 23.38%, but showed a year-over-year increase of 3.58%.
The significant miss on sales estimates is likely to negatively impact the stock price in the short term, despite the year-over-year growth. Investors often react to earnings misses, especially when the miss is substantial.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100