Educational Development Q1 EPS $(0.11) Down From $0.03 YoY, Sales $14.50M Miss $23.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Educational Development Corporation (NASDAQ:EDUC) reported Q1 losses of $0.11 per share, a 466.67% decrease YoY. The company's quarterly sales were $14.50 million, missing the analyst consensus estimate of $23.90 million by 39.33%. This represents a 37.50% decrease in sales compared to the same period last year.
July 13, 2023 | 8:02 pm
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NEGATIVE IMPACT
Educational Development Corporation reported a significant decrease in earnings and sales for Q1, missing analyst estimates. This could negatively impact the company's stock in the short term.
The company reported a significant decrease in earnings and sales, missing analyst estimates. This negative financial performance is likely to decrease investor confidence and could lead to a drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100