Loop Industries Q1 EPS $(0.15) Misses $(0.11) Estimate
Portfolio Pulse from Benzinga Newsdesk
Loop Industries reported Q1 losses of $(0.15) per share, missing the analyst consensus estimate of $(0.11) by 36.36 percent. However, this is a 60.53 percent improvement over losses of $(0.38) per share from the same period last year.
July 12, 2023 | 8:43 pm
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Loop Industries reported worse than expected Q1 losses, but showed significant improvement YoY.
Loop Industries reported a larger than expected loss for Q1, which could negatively impact the stock price in the short term. However, the YoY improvement might mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100