How did TACT's Q2 2024 earnings surprise impact its stock?

Transact Technologies (TACT) reported an earnings per share (EPS) surprise of $0.13 for Q2 2024, which is positive news for the company as it indicates a better-than-expected performance. However, the stock price of TACT decreased by 2.24% on the same date. This suggests that while the earnings report was favorable, other factors may have influenced investor sentiment negatively, leading to a decline in the stock price. |code|Ticker|Name|Date|Estimate EPS|EPS Surprise|market_code| |---|---|---|---|---|---|---| |TACT|TACT.O|Transact|2023 Q3|-0.01||185| |TACT|TACT.O|Transact|2023 Q4|-0.03||185| |TACT|TACT.O|Transact|2024 Q1|-0.04||185| |TACT|TACT.O|Transact|2024 Q2|-0.16||185| |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |TACT|TACT.O|Transact|20240701|-0.7958|185| |TACT|TACT.O|Transact|20240702|-2.4064|185| |TACT|TACT.O|Transact|20240703|0.5479|185| |TACT|TACT.O|Transact|20240705|-1.0899|185| |TACT|TACT.O|Transact|20240708|-0.8264|185| |TACT|TACT.O|Transact|20240709|1.6667|185| |TACT|TACT.O|Transact|20240710|-2.1858|185| |TACT|TACT.O|Transact|20240711|-0.5587|185| |TACT|TACT.O|Transact|20240712|9.8315|185| |TACT|TACT.O|Transact|20240715|-4.0921|185|