Recap: Franklin Covey Q3 Earnings
Portfolio Pulse from Benzinga Insights
Franklin Covey (NYSE:FC) reported its Q3 earnings, beating estimated earnings by 45.45% with an EPS of $0.32 versus an estimate of $0.22. Revenue was up $5.26 million from the same period last year. Last quarter, the company missed on EPS by $0.01, which was followed by a 18.05% drop in the share price the next day.
June 28, 2023 | 8:10 pm
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Franklin Covey's Q3 earnings beat estimates, which could lead to a positive short-term impact on its stock price, given the strong earnings performance.
Franklin Covey's earnings beat estimates by a significant margin, which is typically seen as a positive signal by investors and can lead to an increase in the stock price. However, it's important to note that last quarter, when the company missed its EPS estimate, the stock price dropped significantly the next day. Therefore, while the earnings beat is a positive signal, the company's stock price can be volatile around earnings announcements.
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