iQSTEL Inc. reports a deeper Q2 loss than analysts forecast, though revenue exceeds estimates for the period.
iQSTEL Inc. (IQST) reported a second-quarter loss of $0.38 per share, missing the Zacks Consensus Estimate of a $0.23 loss. The result reflects a wider deficit compared to the same period last year, when the company posted a loss of $0.82 per share.
The adjusted figures exclude non-recurring items. While the per-share loss deepened relative to expectations, the company outperformed revenue estimates for the quarter.
No immediate market reaction was disclosed in the report.