Blue Foundry Q2 EPS $(0.08) Beats $(0.11) Estimate, Sales $11.29M Miss $11.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blue Foundry (NASDAQ:BLFY) reported Q2 earnings per share of $(0.08), beating the analyst consensus estimate of $(0.11) by 27.27%. However, the company's quarterly sales of $11.29 million missed the analyst consensus estimate of $11.67 million by 3.29%, marking a 17.36% decrease from the same period last year.
July 26, 2023 | 12:18 pm
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Blue Foundry's Q2 earnings beat estimates but sales missed and decreased YoY. This mixed result could lead to uncertainty in the market.
Blue Foundry's Q2 earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates and decreased compared to the same period last year, which could be a concern for investors. The mixed results could lead to uncertainty in the market, potentially impacting the stock's short-term performance.
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