Northern Technologies Q3 Adj EPS $0.17 Misses $0.19 Estimate, Sales $20.97M Beat $20.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Northern Technologies (NASDAQ:NTIC) reported Q3 adjusted earnings of $0.17 per share, missing the analyst consensus estimate of $0.19 by 10.53%. However, the company's quarterly sales of $20.97 million beat the analyst consensus estimate of $20.60 million by 1.80%. This represents a 41.67% increase in earnings and a 10.57% increase in sales compared to the same period last year.
July 13, 2023 | 12:03 pm
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NEUTRAL IMPACT
Northern Technologies' Q3 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Northern Technologies' Q3 earnings missed analyst estimates, which could negatively impact the stock. However, the company's sales exceeded expectations, which could have a positive effect. The mixed results make the short-term impact on the stock uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100