Published on 5 Dec 2022 on Zacks via Yahoo Finance
Sumo Logic, Inc. (SUMO) Reports Q3 Loss, Tops Revenue Estimates
Sumo Logic, Inc. (SUMO) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 73.33%. A quarter ago, it was expected that this company would post a loss of $0.14 per share when it actually produced a loss of $0.10, delivering a surprise of 28.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.