Virco Mfg: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Virco Mfg (NASDAQ:VIRC) reported Q1 earnings, beating estimates by 47.06% with an EPS of $-0.09 compared to an estimate of $-0.17. Revenue increased by $2.86 million YoY. Last quarter, the company beat EPS estimates by $0.25, followed by a 3.81% drop in share price.
June 12, 2023 | 11:35 am
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Virco Mfg's Q1 earnings beat estimates by 47.06% with an EPS of $-0.09. Revenue increased by $2.86 million YoY. Last quarter, beating EPS estimates led to a 3.81% drop in share price.
Virco Mfg beat Q1 earnings estimates by a significant margin, which is generally a positive signal for the stock. However, last quarter's earnings beat was followed by a 3.81% drop in share price, indicating that the market may not react positively to the news. Therefore, the short-term impact on the stock price is uncertain, and a neutral score of 0 is assigned.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100