BlueLinx Hldgs Q2 Adj EPS $2.91 Misses $3.30 Estimate, Sales $815.97M Miss $893.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
BlueLinx Hldgs (NYSE:BXC) reported Q2 adjusted earnings of $2.91 per share, missing the analyst consensus estimate of $3.30 by 11.82%. This is a 61.1% decrease from the same period last year. The company also reported quarterly sales of $815.97 million, missing the analyst consensus estimate of $893.80 million by 8.71%. This is a 34.14% decrease from the same period last year.
August 04, 2023 | 10:28 am
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NEGATIVE IMPACT
BlueLinx Hldgs reported lower than expected Q2 earnings and sales, with significant YoY decreases. This could negatively impact the stock price in the short term.
BlueLinx Hldgs reported lower than expected earnings and sales for Q2, with a significant decrease from the same period last year. This could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100