Shift Technologies: Q2 Earnings Insights

Shift Technologies SFT reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Shift Technologies missed estimated earnings by 16.36%, reporting an EPS of $-0.64 versus an estimate of $-0.55.

Revenue was up $68.88 million from the same period last year.

Last quarter the company missed on EPS by $0.0 which was followed by a 3.23% drop in the share price the next day.

Here's a look at Shift Technologies's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	-0.7	-0.61	-0.52	-0.44
EPS Actual	-0.7	-0.70	-0.48	-0.41
Revenue Estimate	209.25M	185.86M	165.38M	125.60M
Revenue Actual	219.58M	196.22M	179.80M	154.85M

To track all earnings releases for Shift Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.