Lee Enterprises Q3 EPS $0.25 Misses $0.93 Estimate, Sales $171.30M Miss $174.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lee Enterprises reported Q3 earnings of $0.25 per share, missing the analyst consensus estimate of $0.93 by 73.12%. The company also reported quarterly sales of $171.30 million, missing the estimate of $174.00 million by 1.55%. This represents a 600% increase over losses from the same period last year, but a 12.17% decrease in sales compared to last year.
August 04, 2023 | 12:55 pm
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Lee Enterprises' Q3 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
Lee Enterprises reported lower than expected earnings and sales for Q3. This underperformance 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