Published on 31 Aug 2023 on Zacks via Yahoo Finance
Arco Platform Limited (ARCE) Reports Q2 Loss, Lags Revenue Estimates
Arco Platform Limited (ARCE) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.12, delivering a surprise of 20%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.