Alico Q3 Adj EPS $(0.73) Misses $0.08 Estimate, Sales $7.28M Miss $15.50M Estimate
Portfolio Pulse from saritha@benzinga.com
Alico (NASDAQ:ALCO) reported Q3 losses of $(0.73) per share, missing the analyst consensus estimate of $0.08 by 1012.5%. The company's quarterly sales were $7.28 million, missing the estimate of $15.50 million by 53.01%. This represents a 71.92% decrease over sales from the same period last year.
August 04, 2023 | 12:51 pm
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NEGATIVE IMPACT
Alico's Q3 earnings and sales significantly missed estimates, which could negatively impact its stock price.
Alico's Q3 earnings and sales significantly missed analyst estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100